Airan Limited held a Board of Directors meeting on Monday, August 31, 2026, at their Registered Office at 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. The meeting commenced at 4:00 p.m. and concluded at 4:43 p.m.
Key Board Decisions:
1. Statutory Auditor Appointment
- On the recommendation of the Audit Committee, the Board approved and recommended the appointment of M/S. Supal Shah & Associates (FRN: 146332W) as the statutory auditors of the company.
- This appointment is to replace the retiring statutory auditor, M/S. Supal Shah & Associates, Chartered Accountants.
- The appointment is for a term of five consecutive years, commencing from the conclusion of the 31st AGM to be held in 2026 until the conclusion of the 36th AGM to be held in 2031.
- The appointment is subject to shareholder approval at the ensuing Annual General Meeting.
2. Director Appointments
- On the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mrs. Indu Shaktibhusan Shukla (DIN: 08078155) as Non-Executive Non-Independent Director with effect from September 01, 2026, subject to shareholder approval.
- Mrs. Shukla holds a Bachelor's degree in Commerce and has worked in the Accounting Department of GTPL for 4 years. She has knowledge of Accounting Standards and various accounting software.
- The Board also approved the appointment of Mr. Mrugesh Arvindbhai Suthar (DIN: 11640636) as Non-Executive Independent Director for a first term of five years with effect from September 01, 2026, subject to shareholder approval.
- Mr. Suthar is a seasoned banking professional with close to 40 years of experience in branch operations, business development, and credit management. He recently superannuated as Senior Vice President-II (Circle Head-Gujarat East) from Axis Bank.
- Both directors confirmed they are not debarred from holding office pursuant to any SEBI order.
3. Director Resignations
- The Board took note of the resignation of Mr. Siddharth Sampatji Dugar (DIN: 07703369), Independent Director, effective September 01, 2026.
- The Board also took note of the resignation of Mrs. Bhoomika Aditya Gupta (DIN: 02630074), Independent Director, effective September 01, 2026.
- Both resignations were due to professional commitments and preoccupation with other professional responsibilities.
- Both resigning directors confirmed there are no other material reasons for their resignations.
4. Directors' Report and Annual General Meeting
- The Board approved the Draft Directors' Report of the company for the financial year 2025-26 along with its annexures and other reports to be included in the Annual Report 2025-26.
- The Board decided to call the 31st Annual General Meeting of the Company on Saturday, September 26, 2026, at 04:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means in compliance with MCA and SEBI circulars.
- The Board approved the Draft Notice of the 31st Annual General Meeting.
- The Notice of AGM and Annual Report will be submitted to the exchange after dispatch to shareholders via email.
5. AGM Arrangements
- The Board approved the schedule of Annual General Meeting regarding cut-off date for remote e-voting, and remote e-voting start and end dates.
- Appointed National Securities Depository Limited (NSDL) as Remote E-Voting Agency for resolutions proposed at the AGM.
- Appointed M/s. SCS and CO. LLP, Practicing Company Secretary as Scrutinizer for E-Voting Process for the AGM.
6. Other Business
- The Board considered and approved all other business as per the circulated agenda.
Additional Information:
- The disclosure is made under Regulation 30 of SEBI (LODR) Regulation, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026.
- The resigning directors hold directorships in other companies:
- Mr. Dugar: Airan Limited, Quadpro ITES Limited, Indifra Limited
- Mrs. Gupta: Airan Limited, Quadpro ITES Limited, Reliable Data services Limited, Beacon trusteeship Limited
- Both resigning directors were members of various committees including Audit Committee and Stakeholders Relationship Committee in these companies.
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