AGM minutes: FY26 audited accounts adopted; auditor replaced; secretarial auditor, independent director appointed

Minutes of the 32nd AGM held on Wednesday, September 30, 2026 are shared.

Tue 6 Oct 2026

AGM held

Minutes of the 32nd AGM held on Wednesday, September 30, 2026

Financials adopted

audited standalone and consolidated financial statements for FY ended March 31, 2026

Attendance

15 members attended in person

Vaarad Ventures Limited has shared the minutes of its 32nd Annual General Meeting, held on Wednesday, September 30, 2026 at 09:30 A.M. The meeting concluded at 10:00 A.M. These minutes record what the members approved at that meeting.

What members approved

• The audited standalone and audited consolidated financial statements of the company 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 (DIN: 00404404) as a Director. She retires by rotation and, being eligible, offered herself for re-appointment, and remains liable to retire by rotation.
• 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 Annual General Meeting.
• Appointment of M/s. R. R. Tibrewala & Co. as Statutory Auditors for a term of five consecutive years, holding office from the conclusion of the 32nd Annual General Meeting until the conclusion of the 37th Annual General Meeting. Their remuneration, applicable taxes and reimbursement of out-of-pocket expenses are to be determined by the Board based on the recommendation of the Audit Committee.
• Appointment of M/s. Sanil Dhayalkar & Co., Company Secretaries, a Peer Reviewed Firm holding Peer Review Certificate No. 2796/2022, as Secretarial Auditor for five consecutive financial years, from FY 2026-27 up to FY 2030-31. Their remuneration, taxes and out-of-pocket expenses are to be determined by the Board.
• Regularisation of Mr. Mahendra Sanghavi (DIN: 00134648) as an Independent Director. He was appointed an Additional Director with effect from September 7, 2026, and is appointed for a first term of five consecutive years commencing from 30th September, 2026 up to 29th September, 2031, and is not liable to retire by rotation.

How the voting was run

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

Attendance and participation

• 15 members were present in person, 0 members were present through representatives, the number of proxies present was Nil, and the number of shares represented by proxies was Nil.
• Directors present included Mrs. Leena Vikram Doshi (Chairperson and Managing Director), Mr. Harsh Vikram Doshi (Non-Executive – Non-Independent Director), Mr. Piyush Arun Vora (Non-Executive – Independent Director), Ms. Tanvi Vikram Doshi (Executive Director & Chief Financial Officer) and Mr. Sumair Farukbhai Vidha (Non-Executive – Independent Director).
• The Chairperson invited members to make comments and give suggestions, and responded to the queries raised.

What changed in statutory roles

• The Statutory Auditor position moves from M/s. J. D. Jhaveri & Associates to M/s. R. R. Tibrewala & Co., first to fill the casual vacancy for the remainder of the term, and then for a fresh five consecutive years up to the conclusion of the 37th Annual General Meeting.
• The Secretarial Auditor is M/s. Sanil Dhayalkar & Co. for FY 2026-27 to FY 2030-31.
• On the Board, Mr. Mahendra Sanghavi moves from Additional Director to Independent Director, with a five-year term ending 29th September, 2031.

Reading it simply

These are decisions already taken by the members at the meeting, being recorded formally. The accounts for the year ended March 31, 2026 stand adopted. Two roles change hands for defined terms: the Statutory Auditor and the Secretarial Auditor, each now appointed for five years, and one director is confirmed as an Independent Director for five years. Attendance was small, with 15 members present in person and no proxies.

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