Yash Chemex Limited has issued a notice for a postal ballot to seek shareholder approval for the appointment of new statutory auditors. The company is conducting this process under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Resolution
The single agenda item for shareholder approval is:
- Appointment of M/s TRS & Associates, Chartered Accountants (FRN: 141126W) as Statutory Auditors of the Company to fill the casual vacancy arising due to resignation of M/s S. L. Patel & Co., Chartered Accountants (FRN: 119211W). This is an Ordinary Resolution.
Background and Rationale
M/s S. L. Patel & Co. resigned as statutory auditors effective May 19, 2026, citing unwillingness to continue due to old age, medical reasons, and an expired Peer Review Certificate. The Board of Directors, based on Audit Committee recommendations, appointed M/s TRS & Associates as statutory auditors during their meeting on May 19, 2026, subject to shareholder approval.
Financial Details
The proposed remuneration for M/s TRS & Associates is ₹4.00 lakhs per annum plus applicable GST and taxes, with additional reimbursement for travelling and other out-of-pocket expenses. The company states there are no material changes in fees compared to the previous auditor, and the proposed fees are commensurate with company size and market practices for listed entities.
Voting Process and Timeline
The remote e-voting process will be conducted through Bigshare Services Private Limited with the following key dates:
- Cut-off date for voting rights: Friday, July 3, 2026
- Voting commencement: Sunday, July 12, 2026, at 09:00 Hours IST
- Voting conclusion: Monday, August 10, 2026, at 17:00 Hours IST
- Result declaration: Not later than 2 working days after conclusion of postal ballot
The notice is being sent only through electronic mode to members with registered email addresses. The scrutinizer for the process is CS Kunal Sharma, Proprietor of M/s Kunal Sharma & Associates.