Charms Industries Ltd Recommends Secretarial Auditor for 5 Years
Charms Industries Limited's Board of Directors has recommended the appointment of M/s Nisarg Sharma & Associates as the Secretarial Auditor for five consecutive financial years, from FY 2026-27 to FY 2030-31. This appointment is subject to shareholder approval at the upcoming 34th Annual General Meeting (AGM) scheduled for September 30, 2026. The Board also approved the Board's Report for FY 2025-26 and authorized the finalization of the Annual Report. Additionally, the Board proposed significant alterations to the Memorandum and Articles of Association to align with the Companies Act, 2013, including expanding business objects into sectors like iron and steel, pharmaceuticals, hospitality, and real estate, while retaining IT services.
Key Highlights
- Board recommends M/s Nisarg Sharma & Associates as Secretarial Auditor.
- Appointment is for five financial years: FY 2026-27 to FY 2030-31.
- Shareholder approval required at the 34th AGM on September 30, 2026.
- Proposed changes to MOA/AOA to align with Companies Act, 2013.
- Expansion of business objects into new sectors approved.
Price Impact
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