Gujarat Craft Industries Appoints New Secretarial Auditor
Gujarat Craft Secretarial Auditor Resignation
Gujarat Craft Industries Limited informed that M/s. Nishant Pandya & Associates, its previously appointed Secretarial Auditor, resigned before completing its appointed term.
The resignation resulted in a casual vacancy in the position of Secretarial Auditor. The vacancy arose in connection with the Secretarial Auditor's term from FY 2026-27.
Gujarat Craft Appoints New Secretarial Auditor
To fill the casual vacancy, the Board of Directors approved the appointment of M/s. Kashyap R. Mehta & Partners as the company's new Secretarial Auditor.
The new firm has been appointed for a term of five consecutive years, beginning from FY 2026-27 and continuing through FY 2030-31.
The appointment was made based on the recommendation of the Audit Committee.
Gujarat Craft Secretarial Auditor Appointment and Approval
The proposed appointment of M/s. Kashyap R. Mehta & Partners will be placed before the shareholders for their consideration and approval at the upcoming Annual General Meeting.
The proposed professional fee for the Secretarial Audit is Rs 90,000 for FY 2027, along with applicable taxes and out-of-pocket expenses.
Gujarat Craft Auditor Change Highlights
Previous Secretarial Auditor: M/s. Nishant Pandya & Associates.
Reason for Change: Mid-term resignation, resulting in a casual vacancy.
New Secretarial Auditor: M/s. Kashyap R. Mehta & Partners.
Term: Five consecutive years.
Appointment Period: FY 2026-27 to FY 2030-31.
Recommendation: Audit Committee.
Shareholder Approval: Proposed at the upcoming Annual General Meeting.
Secretarial Audit Fee: Rs 90,000 for FY 2027, plus applicable taxes and out-of-pocket expenses.
What to Watch Next
Investors may track shareholder approval of the appointment of M/s. Kashyap R. Mehta & Partners at the upcoming Annual General Meeting.
They can monitor future company filings for any further changes in the Secretarial Auditor's appointment or terms.
Investors may also watch the company's subsequent corporate disclosures following the auditor transition.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
Other News
Three Independent Directors of Osiajee Texfab Limited Resign, Three New Appointed
Osiajee Texfab Limited has announced the resignation of three Non-Executive Independent Directors, Ms Sunita Devi, Mr. Ankur Verma, and Mr. Akash Rai, effective August 24, 2026, citing personal reasons. The Board also approved the appointment of Ms. Dolly Seth, Ms. Gurmeet Kaur, and Mr. Karan Kumar as Additional Directors and reconstituted its key committees.
KP Green Engineering Signs Non-Binding Letter of Intent with Raz Holding Group
KP Green Engineering Limited has announced the signing of a non-binding Letter of Intent (LOI) with Raz Holding Group for a proposed strategic investment and/or collaboration in India's clean energy sector. The proposed transaction may involve an acquisition, capital infusion or other mutually agreed structure, subject to due diligence, definitive agreements and regulatory approvals.
Neo Infracon Board Meeting to Consider the Appointment of New Statutory Auditors
Neo Infracon Limited has intimated that its Board of Directors will meet on August 29, 2026, to consider the appointment of D. Satyaprakash & Co., LLP as the company's new Statutory Auditors. The proposed appointment is intended to fill a casual vacancy arising from the resignation of the existing Statutory Auditor due to an inability to agree upon a mutually acceptable fee structure.