Arrow Greentech appoints KNAV & Co. LLP as statutory auditors for five years
- Arrow Greentech appointed M/s KNAV & Co. LLP as statutory auditors for five years
- The appointment is effective from the conclusion of the 34th AGM on September 18, 2026
- Outgoing auditors M/s Haribhakti & Co. LLP completed their second term
- Shareholders also approved FY26 financials and director reappointments
*this image is generated using AI for illustrative purposes only.
Arrow Greentech concluded its 34th Annual General Meeting on September 18, 2026. Shareholders approved the appointment of M/s KNAV & Co. LLP as statutory auditors for a term of five consecutive years.
The new mandate is effective from the conclusion of the 34th AGM until the conclusion of the 39th AGM. This appointment follows the completion of the second term by outgoing auditors M/s Haribhakti & Co. LLP.
Ordinary Business Resolutions
Shareholders approved the adoption of audited financial statements for the year ended March 31, 2026. The assembly also declared dividends on equity shares for FY26.
Key appointments included:
- Reappointment of Mrs. Jigisha Patel as a director, who retires by rotation but is eligible and offers herself for re-election.
- Appointment of KNAV & Co. LLP as the Statutory Auditors of the company.
Auditor Profile
KNAV & Co. LLP is registered with the Institute of Chartered Accountants of India and has been in existence for over 26 years. The firm holds a Level IV rating, the highest level, in the review of AQMM 1.0 and possesses a Clean Peer Review Report valid until August 31, 2027.
Special Business Items
The agenda included special business items focused on remuneration and related-party transactions:
- Ratification of remuneration payable to the Cost Auditor appointed for the financial year 2026-27.
- Revision in remuneration for Mr. Shilpan Patel, Chairman & Managing Director.
- Revision in remuneration for Mr. Neil Patel, Joint Managing Director.
- Approval of a Material Related Party Transaction.
Voting Process
The company extended e-voting facilities to members in compliance with Section 108 of the Companies Act, 2013. E-voting commenced at 9:00 am on September 15, 2026, and ended at 5:00 pm on September 17, 2026. Shri Rajendra Vaze, Practicing Company Secretary, served as the Scrutinizer for the e-voting process.
Members participating via VC/OAVM were given an additional 15 minutes to cast votes through the NSDL system during the meeting. The Chairman confirmed that no qualifications were reported by the Statutory or Secretarial Auditors in their respective reports.
The e-voting results and Scrutinizer’s Report will be submitted to the stock exchanges and published on the company’s website within two working days of the meeting's conclusion.
Historical Stock Returns for Arrow Greentech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.47% | +12.32% | +15.69% | +142.07% | +54.16% | +595.00% |
How might the five-year tenure of KNAV & Co. LLP influence Arrow Greentech's long-term financial reporting consistency and investor confidence?
What is the strategic rationale behind the revised remuneration for the Chairman and Joint Managing Director, and how does it align with the company's growth targets?
What specific details characterize the approved Material Related Party Transaction, and what safeguards are in place to ensure fair value for minority shareholders?
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