This disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 details the outcomes of the Board of Directors meeting held on September 03, 2026, at 03:00 PM at the company's registered office in New Delhi. The meeting concluded at 03:30 PM.
Key Board Approvals:
1. Statutory Auditor Appointment
- The Board, on the recommendation of the Audit Committee, approved the appointment of M/s S K HANDA & ASSOCIATES (FRN: 016424N, Peer Review Certificate No: 022934) as Statutory Auditors.
- This appointment is to replace the retiring auditors M/s V.N Purohit & CO (FRN: 304040E) whose term expires at the conclusion of the 11th Annual General Meeting (AGM).
- The proposed term is for 5 years, from the conclusion of the 11th AGM until the conclusion of the 16th AGM, subject to shareholder approval.
- The firm specializes in Direct Tax, GST, various audits (Statutory, Tax, Internal), accounting, business valuation, and valuation of securities, with its head office in Delhi and multiple branches.
2. Appointment of Independent Directors
The Board appointed three additional directors in non-executive, independent capacities, effective September 03, 2026, subject to shareholder approval at the ensuing AGM:
- Mr. Indrajeet Pradhan (DIN:10148955): A finance professional with experience in financial markets, share trading, sales, and business development. He holds a B.Com (Hons) in Accountancy from the University of Calcutta (2007). His term is for five consecutive years. He holds no shares in the company.
- Mr. Mohit Lochan (DIN:11896430): A finance and business professional with experience in banking, insurance, financial services, and capital markets. He holds an MBA in Finance from Udaipur University, Rajasthan (2006). His term is for five consecutive years. He holds no shares in the company.
- Mrs. Ritika Bachhawat (DIN:08615248): A Company Secretary and legal consultant with experience in corporate law, securities regulations, and compliance. She is associated with Sampark India Logistics Limited and holds an LL.B. from Chaudhary Charan Singh University and a B.Com (Hons) from Delhi University. Her term is for five consecutive years. She holds no shares in the company.
None of the newly appointed directors are related to any existing director of the company, and none are debarred from holding the office of director by any authority.
3. Secretarial Auditor Appointment
- The Board approved the appointment of M/s. Rohit Bhatia & Associates, Practicing Company Secretaries (Firm Registration No. S2021HR836700, Peer Review No. 7194/2025), as the Secretarial Auditor.
- This appointment is for a first term of five consecutive years, commencing from the Financial Year 2026-27 until the end of Financial Year 2030-31.
- The appointment follows the resignation of the previous auditor, M/s G Aakash & Associates, due to preoccupation with other assignments.
- The firm provides services in corporate law, secretarial compliance, corporate governance, RBI and FEMA compliances, and intellectual property.
4. Annual General Meeting (AGM) Details
- The 11th AGM is scheduled for Wednesday, September 30, 2026, at 01:30 P.M.
- The venue is the company's registered office at Plot 3, Shop 325, DDA C. CNTR, Agarwal Plaza, Sec-14, Rohini, Delhi-110085.
- The cut-off date for determining member eligibility to vote or attend the AGM is Wednesday, September 23, 2026.
- The remote e-voting period will begin on Sunday, September 27, 2026, at 9:00 A.M. (IST) and end on Tuesday, September 29, 2026, at 5:00 P.M. (IST).
- Mr. Aakash Goel, Proprietor of M/s G Aakash & Associates, was appointed as the scrutinizer for the e-voting process.
5. Other Approvals
- The Board approved the Notice of the ensuing 11th AGM.
- The Board considered and approved the Directors' Report for the financial year ended March 31, 2026.
Shareholder Approval Required
The company will seek shareholder approval for items 1 to 5 (appointment of statutory auditor, three independent directors, and secretarial auditor) at the 11th AGM.