Everlon Financials Limited shareholders overwhelmingly approved the appointment of Panchal S K & Associates as statutory auditors and the reappointment of Varsha J. Vakharia as director at its 37th Annual General Meeting on September 16, 2026.

The virtual meeting concluded with all four resolutions passing with near-unanimous support. Shareholders voted in favor of 99.99% of the total votes polled across all agenda items, reflecting strong alignment on governance and financial oversight matters.

Voting Participation

The company had 2,684 shareholders on the record date of September 9, 2026. A total of 36 shareholders attended the meeting via video conferencing, comprising seven from the promoter group and 29 public shareholders. No shareholders attended in person or through proxy.

Remote e-voting was conducted from September 13 to September 15, 2026. The total votes polled stood at 4,949,680, representing 79.83% of the outstanding shares held by eligible voters.

Promoter participation was notably high, with the promoter group casting votes on 99.30% of their holdings. Public non-institutional shareholders participated at a rate of 23.04%.

Resolutions Passed

Shareholders voted on three ordinary resolutions and one special resolution. All resolutions were passed with minimal opposition.

For each resolution, 4,949,667 votes were cast in favor, while only 13 votes were cast against. There were no invalid votes recorded for any resolution.

Governance Updates

Mrs. Varsha J. Vakharia retires by rotation and offered herself for reappointment, which was approved by the members. Additionally, the company appointed Mr. Sanjay Rasiklal Dholakia as an Independent Director through a special resolution.

Mr. Dholakia (DIN: 11831235) joins the board effective July 28, 2026, for a term of five years. He is a Mumbai-based practicing Company Secretary with over 35 years of experience in corporate laws, secretarial practice, and governance. He holds no shares in the company and is not related to any existing director, key managerial personnel, or promoter.

Auditor Appointment Details

Pursuant to Regulation 30 of SEBI Listing Regulations, the members approved the appointment of M/s. Panchal S K & Associates, Chartered Accountants (FRN: 145989W), as Statutory Auditors for three consecutive years. The term commences from the financial year 2026-27 to 2028-29, concluding at the 40th Annual General Meeting.

The appointment replaces the retiring statutory auditors, M/s. B.L. Dasharda & Associates (ICAI Firm Registration No.: 112615W), whose term ended upon the conclusion of the 37th AGM.

M/s. Panchal S K & Associates, established in 2017, is led by founder partner Ms. Swati Panchal, an ICAI member since 2012. The firm holds Peer Review Certificate No. 018089 issued by the Peer Review Board of ICAI. It serves clients ranging from SMEs to large corporates across diverse industries, offering audit, taxation, accounting, compliance, and advisory services.

Subodh More of Subodh More & Associates served as the scrutinizer for the electronic voting process. The final voting results and the scrutinizer’s report were submitted in accordance with Regulation 44 of the SEBI Listing Regulations.

Everlon Financials announced that Nitin Ishwarlal Parekh will cease to serve as an independent director on September 16, 2026. The departure follows the completion of his second consecutive five-year term on the board.

Parekh’s exit is effective from the close of business hours on the date of the company’s annual general meeting. Consequently, he will also step down from all respective committees of the board where he served as a member.

The board expressed gratitude for Parekh’s guidance and contributions during his tenure. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details