Bombay Potteries appoints JPKD & Co LLP as statutory auditors for 5 years
- Appointed M/s. JPKD & Co LLP as statutory auditors for a five-year term
- Approved related-party premises deal with Harshvardhan Construction worth ₹3.25 crore
- Re-appointed Minal Wadhwa as executive director following retirement by rotation
- Shareholders represented 34.66% of paid-up equity capital via authorised representatives
*this image is generated using AI for illustrative purposes only.
Bombay Potteries & Tiles Limited shareholders approved the appointment of M/s. JPKD & Co LLP as statutory auditors for a term of five years during the 92nd Annual General Meeting held on September 30, 2026.
The meeting, conducted via video conferencing, also ratified the re-appointment of executive director Minal Wadhwa and approved a related-party transaction for premises acquisition or lease from Harshvardhan Construction. The session commenced at 11:34 am and concluded at 12:04 pm, covering governance updates and financial oversight for FY26.
Auditor appointment details
Shareholders authorized M/s. JPKD & Co LLP, Chartered Accountants (Firm Registration No. W100950), to hold office for a term of five consecutive years. The tenure commences from the conclusion of this AGM until the conclusion of the 97th Annual General Meeting. The remuneration for the firm will be determined by the Board of Directors in consultation with the Statutory Auditors.
| Particulars | Details |
|---|---|
| Name of Auditor | M/s. JPKD & Co LLP |
| Term of Appointment | 5 consecutive years |
| Commencement Date | September 30, 2026 |
| End of Tenure | Conclusion of 97th AGM |
| Firm Registration No. | W100950 |
Related-party transaction details
The approved transaction involves the purchase or rent of office space located at Wadhwa 723 Avenue, Andheri East, Mumbai. The deal is structured to meet the company's business and administrative needs. Shareholders authorized a maximum value of ₹3.25 crore for this arrangement, which has been certified as being on an arm's length basis and in the ordinary course of business.
| Particulars | Details |
|---|---|
| Related Party | M/s. Harshvardhan Construction |
| Nature of Transaction | Purchase/acquisition OR rent/lease |
| Location | Office 504, Saug Baug, Marol, Mumbai |
| Area | 968 sq ft |
| Max Transaction Value | ₹3.25 crore |
| Rent Consideration (if leased) | ₹42.50 lakh per year |
| Tenure (if leased) | 5 years |
| Security Deposit (if leased) | ₹25 lakh |
Key resolutions passed
Four agenda items were approved by shareholders, including the adoption of audited standalone financial statements. The re-appointment of Minal Wadhwa followed her retirement by rotation. The change in statutory auditors marks a shift in financial oversight for the fiscal year ended March 31, 2026.
| Agenda Item | Type | Outcome |
|---|---|---|
| Adoption of FY26 Standalone Financials | Ordinary Business | Approved |
| Re-appointment of Minal Wadhwa | Ordinary Business | Approved |
| Appointment of JPKD & Co LLP as Statutory Auditors | Ordinary Business | Approved |
| Purchase/Rent of Premises from Related Party | Special Business | Approved |
Governance and attendance details
The meeting complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Chairman Manoj Wadhwa, Executive Director Harshvardhan Wadhwa, and CFO Hansa Chauhan were present. Remote e-voting was open from September 25 to September 29, 2025. Authorised representations covered 45,062 equity shares, representing 34.66% of paid-up equity capital. Vatsal Doshi served as scrutinizer.
Management commentary
During the Q&A, Chairman Manoj Wadhwa informed shareholders that Bombay Potteries has commenced consulting activities and is generating income from these operations. He stated that trading in the company's shares on the stock exchange is expected to resume shortly. The statutory auditors' report was unqualified, while the secretarial audit report contained certain qualifications noted by the board.
How will the shift to JPKD & Co LLP impact the transparency and reporting standards for Bombay Potteries' upcoming fiscal cycles?
What specific operational milestones must be met for the company's trading suspension to be lifted, and what is the expected timeline for resumption?
How does the ₹3.25 crore related-party transaction align with the company's new consulting revenue streams and overall capital allocation strategy?
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