Ashtasidhhi Industries Limited confirmed that M/s Umesh Ved & Associates, Practicing Company Secretaries, resigned from the role of Secretarial Auditor effective October 8, 2026. The resignation was communicated to the Board of Directors via a letter dated the same day.

The company filed this intimation with BSE Limited on October 9, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which governs disclosures regarding changes in statutory auditors and other key professionals.

Reasons for Departure

In the resignation letter, Umesh Ved stated that the decision was driven by pre-occupation with professional assignments and unavoidable professional commitments. The auditor explicitly confirmed that there were no disputes, differences, or pending issues between the firm and the company that led to the resignation. This clarification aligns with the company’s disclosure that there is no material reason for the change other than what was mentioned in the enclosed letter.

M/s Umesh Ved & Associates had been appointed as the Secretarial Auditor for the financial year spanning April 1, 2025, to March 31, 2030. The appointment was made under Section 204 of the Companies Act, 2013, and Regulation 24A of the SEBI Listing Regulations.

Next Steps for Governance

The Audit Committee and the Board of Directors of Ashtasidhhi Industries will consider the appointment of new Secretarial Auditors in due course. The company assured stakeholders that any subsequent appointments would be intimated in accordance with regulatory requirements.

Key Disclosure Details

The resignation marks a change in the compliance oversight structure for the Ahmedabad-based company, which was formerly known as Gujarat Investa Limited. The company’s registered office is located at 252, New Cloth Market, Opp. Raipur Gate, Ahmedabad.

Ashtasidhhi Industries Limited appointed Kathan Ronak Joshi as an Additional Director and Harsh Rajkumar Tejwani as Company Secretary and Compliance Officer, effective October 1, 2026.

The appointments were approved by the Board of Directors during a meeting held on Thursday, October 1, 2026. The company, formerly known as Gujarat Investa Limited, notified the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board composition changes

Kathan Ronak Joshi has been appointed as a Non-Executive Independent Director for a term of five years. His appointment is subject to shareholder approval at the ensuing General Meeting. The Board confirmed that he satisfies the independence criteria prescribed under the Companies Act, 2013 and SEBI Listing Regulations, and is not debarred from holding office by any regulatory authority.

The Board noted that the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee will be reconstituted upon the appointment of the requisite number of Independent Directors. Revised committee compositions will be intimated to the stock exchanges subsequently.

Leadership transition

Harsh Rajkumar Tejwani has been appointed as Company Secretary and Compliance Officer. This follows the resignation of Vaishaliben Sanjaybhai Jain from the same post, which took effect from the close of business hours on September 30, 2026.

Background of appointees

Kathan Ronak Joshi holds a B.Com. degree from GLS University, Ahmedabad, and is currently pursuing the Company Secretary course at the Professional Programme level from the Institute of Company Secretaries of India (ICSI). He serves as the Head of Legal and Secretarial Department at a private limited company in Ahmedabad. He has over two years of experience in corporate legal and secretarial matters, including compliance management and Board meeting conduct.

Harsh Rajkumar Tejwani qualified as a Company Secretary in November 2025 and holds ICSI Membership No. A-79066. He possesses approximately one year of post-membership experience in corporate legal and secretarial services, focusing on the Companies Act, 2013 and applicable SEBI regulations.