Dolat Algotech Limited Chief Financial Officer Vaibhav P. Shah certified that commercial paper proceeds for the quarter ended September 30, 2026, were utilized strictly for disclosed business purposes.

The certification confirms that funds raised through commercial paper issuance addressed ongoing funding requirements, mark-to-market obligations, and general working capital needs of the company. This filing was submitted to both BSE and National Stock Exchange on October 10, 2026.

Certification details

The certificate was issued pursuant to Chapter XVII of the Operational Circular dated August 10, 2021, as amended from time to time. The document serves as a regulatory compliance record verifying the end-use of debt instruments issued by the company during the specified period.

Key assurances provided in the certification include:

• Purpose adherence: Commercial papers were issued solely to meet ongoing funding requirements, mark-to-market obligations, and working capital needs.
• Usage verification: Proceeds from the commercial paper issuance were used for the disclosed and intended purpose without deviation.
• Regulatory compliance: The company adhered to all listing conditions specified in the Operational Circular regarding the issue and listing of commercial papers.

Regulatory context

The submission was made by Company Secretary and Compliance Officer Sandeepkumar G. Bhanushali on behalf of Dolat Algotech. The filing references the operational framework established by SEBI for short-term debt instruments, ensuring transparency in how corporate borrowers deploy raised capital. No financial figures or specific quantum of commercial paper issued were disclosed in this specific compliance certificate.

Dolat Algotech Limited appointed M/s. Vijay Mehta & Co. as its Statutory Auditors for a five-year term starting FY27. The board also approved the appointment of Vijayatta Jaiswal as an Additional Director and Independent Director, effective November 1, 2026.

The appointments were approved during the Board meeting held on October 8, 2026. The auditor appointment is subject to shareholder approval, while the director appointment requires prior approval from stock exchanges where the company is registered as a stock broker.

Auditor appointment details

M/s. Vijay Mehta & Co., Chartered Accountants (ICAI Firm Registration No. 111418W), was recommended by the Audit Committee for a period of five consecutive years, covering FY27 to FY31. The firm has over 44 years of professional standing, originally established in 1981.

CA Vijay Mehta brings more than four decades of experience in taxation and audit. CA Mrinal A. Mehta, a partner with over two decades of experience, previously worked with Price Waterhouse Coopers. The firm’s expertise spans direct and indirect taxes, statutory audits, and business consultancy across sectors including manufacturing, cement, and financial services.

Independent director profile

Vijayatta Jaiswal was appointed based on the Nomination and Remuneration Committee’s recommendation. She is designated as an Independent Director for five years, from November 1, 2026, to October 31, 2031. Her tenure is contingent upon receiving necessary approvals from regulatory bodies and shareholders.

Jaiswal qualified as a Chartered Accountant in November 1997 and holds a B.Com. (Hons.) degree from the University of Calcutta. She is currently a Senior Partner at Stars Co LLP, Chartered Accountants. Her professional background includes over two decades of experience in taxation, audits, and client advisory services.

Governance and compliance

Jaiswal is not related to any directors of the company and is not debarred from holding office by SEBI or other authorities. She currently serves as an Independent Director at Homezone Rubber Solutions Ltd and previously served at Rishiroop Ltd for over ten years.

What the numbers show

The simultaneous renewal of the statutory audit function and the addition of an independent director with extensive tax and audit expertise suggests a strategic focus on strengthening internal governance and compliance frameworks. This aligns with the company’s status as a registered stock broker, where regulatory adherence is critical.