Mahaalaxmi Texpro Ltd. Approves Director Re-appointments & Auditor Re-appointment at AGM
Mahaalaxmi Texpro Limited's AGM on September 30, 2026, approved the re-appointment of M/s Arna & Associates as Statutory Auditors for five years with a fee of ₹1.10 lakh plus taxes. Key director changes include the appointment of Mr. Prathamesh Mukund Gaikwad as Independent Director and re-appointment of Mr. Deepak Chaganlal Choudhari and Mrs. Madhubala Deepak Choudhari as Non-Executive Directors.
Re-appointment of statutory auditors and directors is a routine corporate action but ensures continuity and compliance, which is moderately impactful for stakeholders.
The company successfully conducted its AGM and received member approval for crucial appointments, including statutory auditors and directors, which indicates smooth corporate governance.
Mahaalaxmi Texpro Limited (formerly Abhishek Corporation Limited) announced key decisions made at its 33rd Annual General Meeting (AGM) held on September 30, 2026. The members approved the re-appointment of M/s Arna & Associates as Statutory Auditors for a further term of five years, commencing from the conclusion of the 33rd AGM until the 38th AGM. The proposed audit fee for the statutory auditors is ₹1,10,000 plus taxes, subject to annual revision by the board. There have been no material changes in the auditors' fees.
The AGM also saw the approval for the appointment and re-appointment of directors. Mr. Prathamesh Mukund Gaikwad was appointed as an Independent Director. Mr. Deepak Chaganlal Choudhari and Mrs. Madhubala Deepak Choudhari were re-appointed as Non-Executive Directors. Mr. Deepak Chaganlal Choudhari's re-appointment is effective from September 30, 2026, until March 15, 2027, after which he will retire by rotation. Mrs. Madhubala Deepak Choudhari is a Non-Executive Director.
Mr. Gaikwad brings over 8 years of experience in the fintech ecosystem. Mr. Choudhari has over 25 years of experience in Yarn Manufacturing and Fabric Processing. Mrs. Choudhari holds a Bachelor Degree in Commerce and has 12 years of experience in the Textile business. The company confirmed that all appointed and re-appointed directors have provided necessary declarations and consents as required by SEBI regulations and the Companies Act, 2013.
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Abhishek Corporation Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Abhishek Corporation Limited. Read the original for the full detail.