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

Everlon Financials Limited held its 37th Annual General Meeting on September 16, 2026. The meeting concluded with shareholders approving the appointment of M/s. Panchal S K & Associates as statutory auditors for a term of three years.

The virtual meeting commenced at 12:00 pm and ended at 12:36 pm. Jitendra K. Vakharia, Chairman and Managing Director, chaired the proceedings. Pooja Sanghavi, Company Secretary, confirmed compliance with Ministry of Corporate Affairs and SEBI circulars regarding the use of Video Conferencing and Other Audio Visual Means.

Resolutions Passed

Shareholders voted on three ordinary resolutions and one special resolution during the meeting. Remote e-voting was available from September 13 to September 15, 2026. Members present at the meeting could also cast votes electronically via NSDL.

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

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.