Key Board Approvals

1. Revised Documents: Approved the Revised Draft Director Report with annexures for the year ended March 31, 2026, and Revised Notice calling the 18th Annual General Meeting (AGM).

2. Auditor Reappointment: Approved reappointment of M/s Shivam Soni & Co. (FRN: 152477W) as statutory auditor for a second term of five consecutive years, from conclusion of the 18th AGM in 2026 until conclusion of the 23rd AGM in 2031. This is subject to shareholder approval at the upcoming AGM. The firm is described as a peer-reviewed Chartered Accountants firm in Ahmedabad specializing in compliance, assurance, tax advisory, internal audit, GST, management consulting, and fund syndication.

3. Independent Director Reappointment: Approved reappointment of Shri Saurabh Govindbhai Patel as Non-Executive Independent Director for a second term of five years effective December 30, 2026, subject to shareholder approval. Mr. Patel holds a B.Com degree and has over 20 years of experience in banking and finance.

4. Management Remuneration: Approved a proposal to increase remuneration of Mr. Saremal Soni (Chairman and Managing Director), Mr. Dineshkumar Soni (Managing Director), and Mr. Jitendrakumar Soni (Joint Managing Director), subject to member approval at the AGM.

5. Related Party Transaction: Approved proposing a related party transaction for member approval at the AGM.

6. Registered Office Shift: Approved shifting the registered office to "Ashapuri Corporate House", 2/F Ravish Aprt., Near Jalaram Chass Wala, Navrangpura Bus Stand Road to Swastik Cross Road, Navrangpura, Ahmedabad, Gujarat, India-380009.

7. Management Reshuffle:

  • Accepted resignation of Mr. Jitendrakumar S Soni from Chief Financial Officer (CFO) position effective October 06, 2026, due to "realignment of roles and responsibilities within the senior management team." He will continue as Joint Managing Director.
  • Accepted resignation of Mr. Jenik Dineshkumar Soni from Chief Executive Officer (CEO) position effective October 06, 2026, due to "organizational restructuring to align executive responsibilities with the Company's current requirements."
  • Appointed Mr. Jenik Dineshkumar Soni as Chief Financial Officer (CFO) effective October 06, 2026. Mr. Jenik is described as a business enthusiast with demonstrated history in the jewellery industry, qualification in Business Administration, and previous 5-year tenure as CEO. He is the son of Mr. Dineshkumar S Soni, Managing Director of the Company.

8. Scrutinizer Appointment: Appointed M/s. Mukesh H. Shah & Co., Company Secretaries, Ahmedabad as scrutinizer for remote e-voting and voting at the 18th AGM.

Financial Impact

Financial impact of these decisions is not quantified in the disclosure.