Board Meeting Details

The Board meeting was held on Saturday, October 31, 2026, commencing at 12:15 PM and concluding at 2:50 PM.

Key Decisions Approved

1. Resignation of Statutory Auditor

The Board accepted the resignation of M/s. N.C. Vaishnav & Co., Chartered Accountants (Firm Registration No. 11272W) as statutory auditors of the company.

  • Date of original appointment: September 27, 2024
  • Scheduled term expiration: Until conclusion of 44th AGM in 2029
  • Date of resignation: October 26, 2026 (via letter received)
  • Reason for resignation: Capacity constraints at the statutory auditor end
  • Latest submission: Limited Review Report for unaudited financial results for quarter and six months ended September 30, 2026, dated October 26, 2026
  • Address: 301, Meraki Latitude, Opp. HDFC Bank, Old Padra Road, Vadodara - 390020, Gujarat, India

2. Appointment of New Statutory Auditor

The Board appointed M/s. D M K H & Co., Chartered Accountants as the new statutory auditors.

  • Firm Registration Number: 116886W
  • Date of appointment: October 31, 2026
  • Term: To hold office until conclusion of ensuing Annual General Meeting, subject to shareholder approval
  • Qualifications: Firm registered with ICAI with 35 years of experience in accounting, audit and taxation
  • Reason for change: To fill casual vacancy caused by resignation of previous auditors
  • No relationship with other directors of the company

3. Inter-Corporate Loan Approval

The Board approved borrowing an inter-corporate loan from M/s. Billmart Fintech Private Limited. Financial impact not quantified in the disclosure.

4. Related Party Transaction Approval

The Board approved a related party transaction with M/s. Billmart Fintech Private Limited. Specific details of the transaction not provided in the disclosure.

5. Extraordinary General Meeting Arrangements

The Board decided to convene an Extraordinary General Meeting (EGM) and approved:

  • Fixing day, date, time, and venue for EGM
  • Draft notice convening the EGM

6. Scrutinizer Appointment

The Board appointed a scrutinizer for scrutiny of e-voting results and voting through poll to be carried out at the EGM.