AGM approves new statutory auditor, secretarial auditor and independent director; two exits on term completion

At the 43rd AGM held on September 28, 2026, shareholders approved several board and auditor changes.

Mon 28 Sep 2026

AGM Date

September 28, 2026

Statutory Auditor Appointed

Maark & Associates (FRN-145153W) for 5 years

Secretarial Auditor Appointed

Ms. Neha Anup Poddar until ensuing AGM, further proposed for 5 consecutive years

Independent Director Appointed

Mrs. Meenakshi Saini (DIN: 07455823) effective September 28, 2026

Chairman cum MD Re-appointed

Mr. Bhavin Shantilal Jain (DIN: 00741604) effective September 30, 2026

What was approved

The shareholders, at the 43rd Annual General Meeting held on September 28, 2026, approved a set of auditor and board changes.

• Maark & Associates (FRN-145153W), Chartered Accountants, appointed Statutory Auditors for a term of 5 years, with remuneration fixed.
• Ms. Neha Anup Poddar, Practicing Company Secretary (COP No 26322), appointed Secretarial Auditor until the ensuing AGM, further proposed for appointment for 5 consecutive years.
• Mrs. Meenakshi Saini (DIN: 07455823) appointed Independent Director with effect from 28th September, 2026. She holds a B.Com, MBA (Finance), LL.B. and LL.M. (Corporate Law), with a background in industrial enterprise operations, corporate finance, legal compliances and litigation management.
• Mr. Bhavin Shantilal Jain (DIN: 00741604) re-appointed Chairman cum Managing Director, date of appointment 30th September, 2026. He has experience across retail, trading, commercial and financial marketing.

Who is stepping down

• M/s. ADV & Associates (FRN-128045W) ceased as Statutory Auditors on 28th September, 2026, their tenure ending on conclusion of the 43rd AGM.
• Mr. Dinesh Jamnadas Shah (DIN: 02377709) ceases to be an Independent Director with effect from 29th September, 2026, upon completion of his second consecutive term.

How to read this

Both exits are described as arising from completion of tenure rather than from any dispute. The auditor seat and the independent director seat are being filled in the same meeting, so the board and audit arrangements continue without a gap.

The update notes that Priyesh Jain and Bhavin Jain are related to each other as brothers, and that no other directors or KMPs are related inter-se. The newly appointed auditors and independent director are stated to have no relation with directors.

This is a governance and continuity disclosure. It carries no financial figures on revenue, orders or capital, and so does not by itself change the company's business outlook.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.