Board Meeting Details

The Board Meeting was held on Wednesday, 5th August, 2026 at 04:30 p.m. at the registered office of the Company and concluded at 08:00 P.M.

A. Resignation and Appointment of Statutory Auditor

1. Resignation of Statutory Auditor: The Board accepted the resignation of M/s. PAMS & Associates, Chartered Accountants (FRN: 316079E) as Statutory Auditor with effect from 12th June, 2026. The resignation was due to geographical constraints as the registered office and operations of the company are in Mumbai while the audit firm is located in Bhubaneswar, making it challenging to devote adequate time and resources for efficient audit procedures.

The auditor was originally appointed at the 33rd Annual General Meeting held on 29th September, 2018 and re-appointed in the 38th AGM held on 30th September, 2023. Their term was scheduled to expire at the conclusion of the 43rd AGM in 2028. The latest audit report submitted was for the year ended 31st March 2026, submitted on 30th May 2026.

2. Appointment of New Statutory Auditor: Based on the recommendation of the Audit Committee, the Board proposed the appointment of M/s. Lipika and Associates, Chartered Accountants (FRN: 145364W) as Statutory Auditor to fill the casual vacancy. The appointment shall be until the ensuing Annual General Meeting.

Lipika and Associates is an Indian Partnership firm of Chartered Accountants established in 2017, headquartered in Noida, Uttar Pradesh with a branch office in Mumbai. The firm holds ICAI Peer Review Certificate No. 023825 valid until 31st January 2029.

B. Appointment of Chief Financial Officer (CFO)

3. CFO Appointment: The Board approved the appointment of Mr. Vikrant Kayan as Chief Financial Officer (CFO) of the company effective 5th August, 2026. Mr. Kayan is a graduate with more than 15 years of experience and is also the Managing Director of the company.

C. Appointment of Internal Auditor

4. Internal Auditor Appointment: Based on the recommendations of the Audit Committee, the Board approved the appointment of Mr. Nitin Oza as Internal Auditor of the Company effective 5th August, 2026 for the financial year 2026-2027. Mr. Oza is a Chartered Accountant with more than 25 years of experience and is associated with 3 companies as Director.

D. Appointment/Re-appointment of Directors

5. Additional Director Appointment: Approved the appointment of Miss. Iranee Tripathy (DIN: 10311352) as Additional Director (Non Executive-Independent Director) effective 5th August, 2026 for a term of 5 years, subject to member approval in the ensuing General Meeting. She is pursuing Company Secretary Course from ICSI and LL.B from Madhusudan Law University, Cuttack, and completed B.A. from Savitri Women's H S School, Bhanjanagar in 2023.

6. Additional Director Appointment: Approved the appointment of Mr. Manoj Batham (DIN: 11100515) as Additional Director (Non Executive-Independent Director) effective 5th August, 2026 for a term of 5 years, subject to member approval. He is a PGDCA-certified accounting professional with over 8 years of experience in accounting, taxation, and regulatory compliance.

7. Additional Director Appointment: Approved the appointment of Mr. Navneet Khare (DIN: 11100562) as Additional Director (Non Executive-Independent Director) effective 5th August, 2026 for a term of 5 years, subject to member approval. He is a commerce graduate with over 10 years of experience in field verification, banking liaison, and loan documentation.

8. Managing Director Re-appointment: Approved the re-appointment of Mr. Vikrant Kayan (DIN: 00761044) as Managing Director (Executive Director) effective 5th August, 2026 for a term of 3 years, subject to member approval.

E. Shifting of Registered Office

9. Registered Office Relocation: The Board proposed shifting the registered office within state and local limits from 16 & 17, Washington Plaza, Dispensary Road, Goregaon (W), Mumbai-400062 to B-136, Ansa Industrial Estate, Saki Vihar Road, Andheri East, Mumbai-400072.

F. Amendment in Memorandum and Article of Associations

10. MOA Adoption: Proposed adoption of Memorandum of Association as per Companies Act, 2013, subject to member approval.

11. AOA Adoption: Proposed adoption of Articles of Association as per Companies Act, 2013, subject to member approval.

G. Banking Operations

12. Bank Account Opening: The Board approved opening a Current Account in the name of Trinity Tradelink Limited for day-to-day banking operations.

Financial Impact

Financial impact not quantified in the disclosure.