This is a regulatory disclosure submitted to BSE Limited, detailing the outcomes of the Board of Directors meeting held on 05 June 2026. The meeting commenced at 05:30 PM and concluded at 09:40 PM.
Key Items Approved
1. Delay in Financial Results Submission: The Board approved and noted the delay in submitting the audited financial results for the quarter and year ended 31 March 2026. A disclosure regarding the reasons for this delay was made to BSE, pursuant to SEBI Circular CIR/CFD/CMD-1/142/2018 dated 19 November 2018.
2. Re-appointment of Internal Auditor: The Board re-appointed M/s. N.K. Mittal & Associates (Chartered Accountants, FRN No. 113281W) as the Internal Auditor of the Company for the Financial Year 2026-27. The appointment was made upon the recommendation of the Audit Committee. The appointed individual is Mr. Ankush Mittal, a Practicing Chartered Accountant (Membership No: F190961). The firm is based in Mumbai and has experience in taxation, law, auditing, internal audit, and risk management. The disclosure confirms there are no relationships between directors and the auditor (Item 5: Not Applicable).
3. Reconstitution of the Audit Committee: The Board approved the reconstitution of the Audit Committee with immediate effect, resulting in a change in the designation of its members. The new composition is as follows:
- Ms. Saloni Mehra (Non-Executive Independent Director): Designation changed to Chairperson.
- Ms. Sapna (Non-Executive Independent Director): Designation changed from Chairperson to Member.
- Mr. Mohit Arora (Managing Director): Continues as a Member.
The Company states that this reconstituted committee remains in compliance with Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI (LODR) Regulations, 2015.