AGM minutes: audited financials adopted, statutory and secretarial auditors appointed, independent director regularised

32nd AGM held September 30, 2026 at the Mumbai registered office.

Tue 6 Oct 2026

AGM held

32nd AGM held September 30, 2026 at the Mumbai registered office.

Financials adopted

Audited standalone and consolidated financials for FY ended March 31, 2026 adopted.

Statutory Auditor

M/s. R. R. Tibrewala & Co. appointed Statutory Auditor for five consecutive years.

What this update is

This is the record of Vaarad Ventures Ltd's 32nd Annual General Meeting (AGM), held on Wednesday, September 30, 2026 at 09:30 A.M. at the registered office in Wadala, Mumbai. The meeting concluded at 10:00 A.M. and the minutes were signed by Mrs. Leena Vikram Doshi, Chairperson.

Who was present

• Members present in person: 15
• Members present through representatives: 0
• Proxies present: Nil, representing Nil shares
• Directors present included Mrs. Leena Vikram Doshi (Chairperson and Managing Director), Mr. Harsh Vikram Doshi, Mr. Piyush Arun Vora, Ms. Tanvi Vikram Doshi (Executive Director and Chief Financial Officer) and Mr. Sumair Farukbhai Vidha.
• Also present were the Secretarial Auditors, the Statutory Auditors and the Company Secretary.

Ordinary business taken up

• Adoption of the audited standalone financial statements and the audited consolidated financial statements for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors.
• Re-appointment of Mrs. Leena Vikram Doshi, who retires by rotation at this AGM and, being eligible, offered herself for re-appointment as a Director liable to retire by rotation.

Special business taken up

• Appointment of M/s. R. R. Tibrewala & Co., Chartered Accountants (Firm Registration No. 112387W), as Statutory Auditors to fill the casual vacancy caused by the resignation of M/s. J. D. Jhaveri & Associates, Chartered Accountants (Firm Registration No. 111850W), to hold office until the conclusion of this AGM, at a remuneration plus applicable taxes and reimbursement of out-of-pocket expenses as may be mutually agreed between the Board and the Statutory Auditors.
• Appointment of M/s. R. R. Tibrewala & Co., Chartered Accountants, as Statutory Auditors for a term of five consecutive years, to hold office from the conclusion of the 32nd AGM until the conclusion of the 37th AGM.
• Appointment of M/s. Sanil Dhayalkar & Co., Company Secretaries, as Secretarial Auditor for five consecutive financial years from FY 2026-27 to FY 2030-31.
• Regularisation of Mr. Mahendra Sanghavi, who had been appointed an Additional Director with effect from September 7, 2026, as an Independent Director, not liable to retire by rotation, for a first term of five consecutive years from September 30, 2026 up to September 29, 2031.

Voting process

Remote e-voting was made available to members from 09:00 A.M. on Sunday, September 27, 2026 up to 05:00 P.M. on Tuesday, September 29, 2026. Members who did not vote through remote e-voting could vote through ballot/poll paper at the meeting. M/s. Sanil Dhayalkar & Co., Practising Company Secretaries, was appointed as the Scrutinizer to scrutinise the remote e-voting process and the voting at the AGM. The consolidated voting results, together with the Scrutinizer's Report, were to be declared within the prescribed time and placed on the website of the Company and NSDL, and communicated to BSE Limited.

How a retail investor can read this

The minutes record the standard annual business of an AGM: adoption of the year's audited accounts and the appointment of auditors and directors. Two items stand out as changes rather than routine continuations. First, the statutory auditor is changing: M/s. R. R. Tibrewala & Co. was first appointed to fill the casual vacancy created by the resignation of M/s. J. D. Jhaveri & Associates, and was then appointed for a five-year term until the conclusion of the 37th AGM. Second, an independent director, Mr. Mahendra Sanghavi, moves from an additional directorship (effective September 7, 2026) to a regular independent directorship with a five-year term.

On remuneration, the resolutions authorise the Board to fix the fees of the Statutory Auditors and the Secretarial Auditor, including applicable taxes and reimbursement of out-of-pocket expenses, based on the Audit Committee's recommendation and in consultation with the auditors. The Secretarial Auditor's remuneration, scope and terms of engagement may be determined or revised by the Board during the tenure, without altering the tenure approved by members.

The attendance record shows 15 members present in person, 0 members present through representatives and Nil proxies, so the resolutions were considered by members attending the meeting along with those voting through remote e-voting and ballot at the meeting.

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