Board Meeting Details

The Board of Directors of Equilateral Enterprises Limited held their meeting on Wednesday, September 02, 2026, commencing at 2:00 p.m. and concluding at 2:30 p.m. at the Corporate Office in Surat. The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Resolutions Approved

1. Director Re-appointment

Recommended re-appointment of Mr. Kartik Sharadkumar Mehta (DIN: 10690916) who retires by rotation pursuant to Section 152(6) of the Companies Act, 2013. He has offered himself for re-appointment.

2. Material Related Party Transaction

Approved and recommended material related party transaction with amount up to ₹100.00 crores. Shareholder approval will be sought in the upcoming Annual General Meeting.

3. Statutory Auditor Re-appointment

Approved and recommended re-appointment of M/s. SSRV and Associates, Chartered Accountants (Firm Registration Number: 135901W) as statutory auditor of the company.

4. Managing Director Re-appointment

Approved and recommended re-appointment of Mr. Pratik Kumar Sharadkumar Mehta (DIN: 06902637) as Managing Director of the company, subject to shareholders' approval in the coming General Meeting.

5. Reports and Certificates

Approved and adopted the Directors Report along with all necessary annexures, Management Discussion Analysis, Corporate Governance Report/certificate, CFO/CEO Certificate for the FY 2025-26.

6. Register Closure Date

Board fixed the date for closure of Register of Members and Transfer Books for the 39th Annual General Meeting.

7. Audit Reports

Board considered and took on record the Secretarial Audit Report and other Reports and Certificates for the Financial Year 2025-26.

8. AGM Details

Board approved the day, date, time and Notice of 39th Annual General Meeting to be conducted through Video Conferencing ('VC')/Other Audio Visual Means ('OAVM').

9. E-voting Scrutinizer

Appointed Mrs. Abhilasha Chaudhary, proprietor of M/s. Abhilasha Chaudhary & Associates, practicing Company Secretary, as Scrutinizer for conducting the e-voting process for the 39th AGM.

10. AGM Conduct Authorization

Authorized Mr. PratikKumar Mehta (Managing Director), Mr. Kartik Mehta (Director), and/or Ms. Alpi Jain (Company Secretary) to be responsible for conducting the 39th AGM and oversee the e-voting process.

11. Investee Company AGM Attendance

Authorized Directors and Authorized Representatives of the Company to attend Annual General Meetings of investee companies.

Annexure I - Statutory Auditor Details

Re-appointment of M/s. SSRV and Associates

  • Reason for Change: Reappointment as Statutory Auditors
  • Date of Appointment: September 02, 2026 (subject to shareholder approval at ensuing AGM)
  • Term of Appointment: Second term of five consecutive years commencing from financial year 2026-27 till financial year 2030-31
  • Brief Profile: M/s. SSRV & Associates is a peer-reviewed Chartered Accountancy firm based in Mumbai, Maharashtra, established in 2007. The firm has experience in statutory and tax audits, direct and indirect taxation, accounting services, certification work, forensic audit, and fixed asset register verification services. The firm has undergone peer review by ICAI and serves various corporates across different industries.

Annexure II - Director Profiles

Mr. Pratik Kumar Sharadkumar Mehta (DIN: 06902637)

  • Reason for Change: Reappointment as Managing Director
  • Term: Re-appointment for period of five years subject to shareholder approval at 39th AGM
  • Experience: More than 10 years' experience in diamond manufacturing, international trading, business development and strategic management
  • Relationships: Brother of Mr. Kartik Sharadkumar Mehta. No other relationship with any Director or KMP.

Mr. Kartik Sharadkumar Mehta (DIN: 10690916)

  • Reason for Change: Reappointment (retires by rotation)
  • Status: Liable to retire by rotation and being eligible, offers himself for re-appointment
  • Experience: More than two decades of experience in Finance, Accounts, Corporate Management and Strategic Planning
  • Relationships: Brother of Mr. Pratikkumar Sharadkumar Mehta. No other relationship with any Director or KMP.