Motisons Jewellers Board Approves Auditor Appointment and Re-appoints 3 Independent Directors
Motisons Jewellers' Board approved the appointment of N.K. Aswani & Co. as Statutory Auditors for five years. It also re-appointed Non-Executive Independent Directors Sushil Kumar Gangwal, Sunil Chordia, and Vikas Kaler. The 15th AGM is scheduled for September 28, 2026.
The appointment of a new statutory auditor and re-appointment of independent directors are important for corporate governance and regulatory compliance. These actions ensure the company operates with proper oversight, which has a medium-term impact on investor confidence and regulatory standing.
The announcement details routine corporate governance actions such as auditor appointment and director re-appointments, which are standard procedures and do not inherently indicate a positive or negative shift in the company's performance or outlook.
Motisons Jewellers Limited announced the outcome of its Board Meeting held on September 1, 2026. The Board approved the appointment of M/s. N.K. Aswani & Co., Chartered Accountants, as the Company's Statutory Auditors for a term of five consecutive years, commencing from the financial year 2026-27 until the financial year 2030-31. This appointment is subject to shareholder approval at the upcoming 15th Annual General Meeting (AGM).
Additionally, the Board considered and approved the re-appointment of three Non-Executive Independent Directors: Mr. Sushil Kumar Gangwal, Mr. Sunil Chordia, and Mr. Vikas Kaler. Their re-appointments are also subject to the approval of shareholders through a Special Resolution at the 15th AGM.
The 15th AGM of the Company has been scheduled to be held on Monday, September 28, 2026, at 03:30 P.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM). To facilitate the AGM, the Register of Members and Share Transfer Books will be closed from Tuesday, September 22, 2026, to Monday, September 28, 2026, inclusive.
A plain-language summary of a public exchange filing by Motisons Jewellers Limited. Read the original for the full detail.