Elfin Agro India Limited has appointed M/s Avnesh Jain & Co., Cost Accountants, as its new Cost Auditor for the financial year commencing April 1, 2026, and ending March 31, 2027.

The appointment was approved by the Board of Directors at a meeting held on September 24, 2026, based on the recommendation of the Audit Committee. The firm will be responsible for auditing the cost records maintained by the company during this period.

Appointment details and compliance

The company disclosed the development to BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and the SEBI LODR Master Circular dated January 30, 2026.

Profile of the appointed firm

M/s Avnesh Jain & Co. is a proprietary firm based in Jaipur, Rajasthan. The proprietor, Mr. Avnesh Jain, holds a Fellowship of the Institute of Cost & Works Accountants of India (F.C.M.A.) and other professional qualifications including D.B.F. from the Institute of Chartered Financial Analysts of India.

The firm operates with one ACMA and five audit assistants. Its portfolio includes cost audits for various entities across sectors such as steel, chemicals, textiles, and infrastructure. Prior experience listed includes roles at Kelvinator of India Ltd., Neer Shree Cement Ltd., and Rajasthan Communication Ltd.

Governance and oversight

The appointment underscores the company's adherence to statutory requirements for maintaining accurate cost records. The Board confirmed that the appointed auditor has no relationship with any Director or Key Managerial Personnel of the company, ensuring independence in the audit process.

Elfin Agro India Limited has scheduled remote e-voting for its shareholders to approve a variation in the utilization of Initial Public Offering (IPO) proceeds. The voting window opens on September 12, 2026, and closes on October 11, 2026.

The Board of Directors approved the deviation on September 9, 2026, reallocating ₹115 lakh from unutilized issue-related expenses to meet further working capital requirements. This change requires shareholder approval via a Special Resolution under Section 13(8) of the Companies Act, 2013.

Variation in IPO Proceeds

The company originally raised ₹2,502.75 lakh through its IPO, with proceeds dated February 24, 2026. While funds allocated for working capital and general corporate purposes were fully utilized, only ₹105.14 lakh of the ₹220.14 lakh earmarked for issue-related expenses was spent.

The Board approved utilizing the ₹115 lakh balance to address additional working capital needs. The explanatory statement notes that this variation is expected to provide greater financial flexibility and improve liquidity management. The proposed time limit for achieving these varied objects is within 12 months from the date of shareholders' approval.

E-Voting Logistics

National Securities Depository Limited (NSDL) has been appointed as the e-voting agency. The cut-off date for determining voting eligibility is fixed at September 4, 2026. Only members appearing in the Register of Members or List of Beneficial Owners on this date will be entitled to vote.

The e-voting period commences on September 12, 2026, at 9:00 am and ends on October 11, 2026, at 5:00 pm. Remote e-voting will be blocked by NSDL immediately thereafter. Shareholders holding shares in demat mode can log in via their depository participants or directly through the NSDL e-voting website. Physical shareholders must use their folio numbers and EVEN (Electronic Voting Event Number) for access.

CS Nitin Mehta (Membership No. F7025; COP No. 12483), Proprietor of M/s. N. Mehta & Associates, was appointed as the scrutinizer to ensure a fair and transparent process. The Company Secretary, Khushbu Sethi, was authorized to coordinate with NSDL and other stakeholders. The results of the postal ballot will be announced within two working days of the conclusion of the e-voting period.