StockWatch
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Trading - Textile Products
Auditor12 Aug 2026, 10:20 pm

Svarnim Trade Udyog Appoints New Statutory Auditors

AI Summary

Svarnim Trade Udyog Ltd announced board resolutions from their meeting held on August 12, 2026. Key decisions include the appointment of Ms. Nidhi Bansal as an Additional Non-Executive and Independent Director, and a change in the company's registered office from Kolkata to Jalandhar, subject to shareholder approval. The board also accepted the resignation of M/s. D G M S & Co. as Statutory Auditors and recommended the appointment of M/s. B B Gusani & Associates as their replacement, both to fill a casual vacancy and for a five-year term starting FY 2026-27. The Audit and Nomination & Remuneration Committees were reconstituted, and the resignation of Mr. Manish Shrichand Bachani as an Independent Director was noted. The 44th AGM is scheduled for September 7, 2026.

Key Highlights

  • Board recommended appointment of M/s. B B Gusani & Associates as Statutory Auditors.
  • Resignation of M/s. D G M S & Co. as Statutory Auditors accepted.
  • Ms. Nidhi Bansal appointed as Additional Non-Executive and Independent Director.
  • Registered office to be shifted from Kolkata to Jalandhar.
  • 44th AGM scheduled for September 7, 2026.