AGM approves new Statutory & Secretarial Auditors, new Independent Director, CMD re-appointment
Maark & Associates as Statutory Auditors for 5 years (replacing ADV & Associates, ceasing Sept 28, 2026).
By ScoutQuest · · 2 min read
- Statutory Auditors Appointment
- Maark & Associates appointed for 5 years (replacing ADV & Associates)
- Secretarial Auditor Appointment
- Ms. Neha Anup Poddar appointed as Secretarial Auditor
- Independent Director Appointment
- Mrs. Meenakshi Saini appointed as Independent Director, effective September 28, 2026
- CMD Re-appointment
- Mr. Bhavin Shantilal Jain re-appointed as Chairman & Managing Director, effective September 30, 2026
- Independent Director Exit
- Mr. Dinesh Jamnadas Shah ceases as Independent Director from September 29, 2026 on completing second consecutive term
What was approved
At the 43rd Annual General Meeting held on September 28, 2026, shareholders approved a set of auditor and board changes.
- Maark & Associates, Chartered Accountants (FRN-145153W), appointed as Statutory Auditors for a term of 5 years, with remuneration fixed.
- Ms. Neha Anup Poddar, Practicing Company Secretary, appointed as Secretarial Auditor until the ensuing AGM, and further proposed for appointment for 5 consecutive years.
- Mrs. Meenakshi Saini appointed as Independent Director, effective September 28, 2026.
- Mr. Bhavin Shantilal Jain re-appointed as Chairman and Managing Director, effective September 30, 2026.
Exits
- Mr. Dinesh Jamnadas Shah, Independent Director, ceases with effect from September 29, 2026 on completion of his second consecutive term.
- M/s. ADV & Associates, Chartered Accountants (FRN-128045W), cease as Statutory Auditors on conclusion of the 43rd AGM, with date of cessation September 28, 2026.
Backgrounds shared
Maark & Associates specialises in statutory audits, corporate taxation and financial advisory services. Ms. Poddar runs her own proprietorship firm focused on corporate governance, securities laws and regulatory compliances. Mrs. Saini holds a B.Com, MBA (Finance), LL.B. and LL.M. (Corporate Law), with a background in industrial enterprise operations, corporate finance, legal compliance and litigation management. Mr. Bhavin Shantilal Jain has experience across retail, trading, commercial and financial marketing sectors.
The company states that the new auditors and the new Independent Director have no relation with directors. For the re-appointed Chairman cum Managing Director, it is disclosed that Priyesh Jain and Bhavin Jain are brothers, with no other inter-se relationships among directors or KMPs.
How to read this
These are routine governance items put to shareholders at the AGM. The exit of the Independent Director is due to completion of his permitted second consecutive term, and the auditor change follows the end of the previous firm's tenure at the AGM.
Also from Nivaka Fashions
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CFO and Executive Director resigns; cessation effective 7 October 2026
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AGM approves new statutory auditor, secretarial auditor and independent director; two exits on term completion
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More numbers
- Statutory Auditor termterm of 5 years
- Secretarial Auditor proposed term5 consecutive years
- AGM number43rd Annual General Meeting
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