EGM Details

The Extra-Ordinary General Meeting is scheduled to be held on Saturday, 5th December, 2026, at 09:30 a.m. at the registered office of the Company at 113/1, GIDC, Makarpura, M.I. Estate, Vadodara-390010, Gujarat.

Business to be Transacted

Item No. 1 - Special Business: Approval of appointment of M/s. V. J. Amin & Co., Chartered Accountants as Statutory Auditor to fill casual vacancy arising due to resignation of M/s. O. P. Rathi & Co.

Auditor Resignation Context

M/s. O. P. Rathi & Co., Chartered Accountants (Firm Registration No. 108718W) resigned with effect from November 05, 2026. They were originally appointed on August 27, 2026 to replace M/s. SGPS & Associates who resigned effective August 24, 2026, and were subsequently confirmed by members at the 10th Annual General Meeting held on September 25, 2026 for a term until the AGM in 2031.

The resignation reason cited was "preexisting professional commitments and constraints in allocating the time and resources considered necessary for the scope and responsibilities of the Company's statutory audit engagement." The outgoing auditors confirmed no concerns regarding availability of information or non-cooperation by Management.

New Auditor Appointment

M/s. V. J. Amin & Co., Chartered Accountants (Firm Registration No. 100335W) were appointed by the Board of Directors at its meeting held on November 06, 2026, based on Audit Committee recommendation. The appointment requires member approval at the EGM.

Financial Arrangements

  • Proposed statutory audit fee: ₹2.50 lakh for FY 2026-27
  • Limited review report fee: ₹0.50 lakh per half-yearly review
  • Fees are plus applicable taxes and reimbursement of reasonable out-of-pocket expenses

Fee Comparison

FY 2025-26 auditor remuneration: ₹2.30 lakh (statutory audit), ₹0.50 lakh (tax audit), ₹0.20 lakh (other fees), and ₹4.20 lakh for audit of restatement of accounts. The proposed ₹2.50 lakh statutory audit fee represents an increase of ₹0.20 lakh.

Auditor Profile

M/s. V. J. Amin & Co. is a Vadodara-based firm with office at 506, Gayatri Chambers, R. C. Dutt Road, Alkapuri, Vadodara - 390007. They hold valid Peer Review Certificate (No. 018654) effective from October 24, 2024 to October 31, 2027.

Term of Appointment

If approved, M/s. V. J. Amin & Co. will hold office from November 06, 2026 (date of Board appointment) until the conclusion of the next Annual General Meeting.

Voting Arrangements

  • Remote e-voting period: December 2, 2026 (09:00 a.m.) to December 4, 2026 (05:00 p.m.)
  • Cut-off date for shareholder eligibility: November 28, 2026
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: CS Mayur Buha of M. Buha & Co., Practising Company Secretaries
  • Physical meeting with no VC/OAVM facility

Document Availability

All relevant documents including resignation letter, consent and eligibility certificate, Audit Committee and Board recommendations are available for inspection at the registered office during normal business hours until the EGM date.