Aayush Art and Bullion Limited reconstituted its key board committees on September 22, 2026, following the resignation of a non-executive director and the appointment of his successor.

The company announced that Mr. Piyush Parmar resigned from the position of Non-Executive Director due to personal reasons. Concurrently, the Board approved the appointment of Mr. Bikash Rasily as an Additional Director in the same category. These changes necessitated the immediate restructuring of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Director changes

Mr. Piyush Parmar’s resignation took effect on September 22, 2026. In his place, Mr. Bikash Rasily was appointed as an Additional Director. The filing notes that Mr. Rasily is a marketing professional with over five years of experience in marketing strategies, business development, and customer engagement. The company stated that his professional exposure is expected to contribute to business growth and development.

Committee reconstitution details

The composition of the three major board committees was updated to reflect the new directorship. Mr. Afsar Ismail Khan and Mr. Dharmesh Pravinbhai Sanghvi retained their roles as Chairman and Member (Independent Directors) respectively across all three committees. The primary change involved replacing Mr. Piyush Parmar with Mr. Bikash Rasily as the Non-Executive Director member in each committee.

Governance implications

The board meeting commenced at 4:30 pm and concluded at 5:00 pm. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No financial results or operational metrics were disclosed alongside these governance changes.

Aayush Art and Bullion (formerly AKM Creations Limited) has disclosed the voting results for its 17th Annual General Meeting held on September 10, 2026. All seven resolutions placed before shareholders were passed unanimously by the participating public non-institutional investors.

The meeting was conducted via Video Conferencing and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs circulars. It commenced at 3:30 pm and concluded at 3:40 pm, with 11 members attending remotely. All directors of the company were present during the proceedings.

Voting results

The scrutinizer's report, issued by Amit Saxena & Associates, confirmed that the e-voting process managed by NSDL was conducted fairly. The remote e-voting period ran from September 7 to September 9, 2026. Votes were unblocked on September 10 at 3:55 pm in the presence of two witnesses.

Total shares eligible to vote as on the record date of September 3, 2026, stood at 15,312,175. Of these, 2,636,625 votes were polled, representing a participation rate of approximately 17.22% of outstanding shares. Notably, promoter and promoter group shareholders did not cast any votes.

All votes cast were from public non-institutional shareholders via remote e-voting. No invalid votes were recorded for any resolution.

Resolutions transacted at the AGM

The agenda included both ordinary and special business items:

• Adoption of the audited financial statements for the financial year ended March 31, 2026, along with reports from the Board of Directors and auditors.
• Re-appointment of Ms. Bhavnaben Prahaladbhai Trivedi, who retires by rotation.
• Regularisation of Mehal Bipinchandra Raval as Managing Director.
• Approvals for giving loans, guarantees, providing securities, and making investments under Section 186 of the Companies Act, 2013.
• Approval for giving loans or guarantees in connection with loans availed by persons in whom any director is interested, under Section 185.
• Approval to borrow funds under Section 180(1)(c).
• Approval for an increase in limits under Section 180(1)(a) for creating charges on company assets.

Directors and key personnel present

The following key managerial personnel and directors attended the meeting:

• Mehal Bipinchandra Raval, Director
• Piyush Parmar, Director
• Bhavnaben Prahaladbhai Trivedi, Director
• Afsar Khan Ismail, Independent Director
• Dharmesh Pravinbhai Sanghvi, Independent Director
• Rifaqathussain Mehboobbhai Belim, Chief Financial Officer

Anuj Maheshwari, Company Secretary and Compliance Officer, welcomed members and introduced the attendees.