The Board of Directors of Bhavik Enterprises Ltd will meet on August 4, 2026, to consider revisions in the remuneration of three key executives. The proposals, which require shareholder approval at the ensuing Annual General Meeting (AGM), affect Mukesh Natverlal Thakkar, Bhavik Mukesh Thakkar, and Purnima Mukesh Thakkar. This move signals a potential adjustment in executive compensation costs for the company.

Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company notified the BSE Limited of the scheduled meeting. The session is set for Tuesday, August 4, 2026, at 5:00 P.M. at the company’s registered office in Goregaon, Mumbai. The primary agenda involves recommending specific remuneration changes subject to ratification by shareholders.

Executive Remuneration Revisions

The Board will seek shareholder consent to revise the pay packages for the following directors:

• Mukesh Natverlal Thakkar (DIN: 01867515), Whole Time Director
• Bhavik Mukesh Thakkar (DIN: 01867522), Managing Director
• Purnima Mukesh Thakkar (DIN: 01867522), Executive Director

No specific monetary figures or percentage increases were disclosed in the prior intimation. The final terms will be detailed in the draft notice of the Annual General Meeting, which is also on the agenda for consideration and approval during this session.

AGM Logistics and Compliance

In addition to the remuneration matters, the Board will finalize the logistics for the Annual General Meeting. Key procedural items include the appointment of a Scrutinizer and an e-Voting Agency to ensure compliance with regulatory standards for shareholder participation and vote counting. The Board will also take up any other business with the permission of the chair.

Nikhil Bhatt, Company Secretary and Compliance Officer of Bhavik Enterprises Limited, issued the intimation on July 29, 2026. The company’s ISIN is INE18PB01017, and it trades under the symbol BHAVIK on the BSE.

Bhavik Enterprises recommended the appointment of M/s JPS & Associates as its Secretarial Auditors for five consecutive financial years, from FY27 to FY31, during a board meeting held on July 23, 2026. The resolution is subject to shareholder approval at the ensuing Annual General Meeting (AGM). This move ensures continuity in corporate governance oversight, with the Jaipur-based firm bringing over 21 years of experience in Company Law and secretarial compliances to the role.

The Board of Directors also approved the Board Report for the financial year ended March 31, 2026, and took note of the Secretarial Audit Report for FY26 submitted by M/s JPS & Associates. While the governance appointments were finalized, the board deferred the decision on convening the AGM to its next meeting. Consequently, shareholders do not yet have a confirmed date for the general meeting where they will vote on the auditor appointment and other statutory matters.

Auditor Profile and Tenure

M/s JPS & Associates, based in Jaipur, holds Peer Review Certificate No. 2779/2022 and Firm Unique ID P2003RJ045800. The firm offers a wide range of services including corporate consultancy, audits, certifications, and representation before judicial forums. Its client base spans public and private sector banks, listed companies, capital market intermediaries, and high-net-worth individuals. The appointment aims to leverage their expertise in handling complex corporate assignments across diverse sectors.

Regulatory Disclosures

The company made the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing included disclosures under Schedule III of the SEBI (LODR) Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. The intimation was signed by Nikhil Bhatt, Company Secretary and Compliance Officer.

What the Numbers Show

While no financial metrics were disclosed in this communication, the decision to appoint a single firm for five consecutive years suggests a strategic move towards stability in secretarial compliance. By deferring the AGM date, Bhavik Enterprises retains flexibility in scheduling, potentially allowing more time for finalizing other agenda items or coordinating with shareholder availability. The focus on the Secretarial Audit Report indicates continued emphasis on regulatory adherence and internal governance structures.