Flexituff shareholders approve name change to Kaashipur Venture
- Shareholders approved renaming Flexituff Ventures to Kaashipur Venture International Limited
- Saurabh Kalani re-appointed as Whole-Time Director after retirement by rotation
- S.N. Gadiya & Co. appointed as Statutory Auditors for a one-year term
- Resolutions passed with near-unanimous support, with only 47 shares voting against
*this image is generated using AI for illustrative purposes only.
Flexituff Ventures International Limited shareholders approved a change of company name to Kaashipur Venture International Limited and several board appointments during the 33rd Annual General Meeting held on September 30, 2026. The resolutions passed with overwhelming support, reflecting strong shareholder alignment with the proposed corporate restructuring and governance updates.
The meeting, conducted via video conferencing, saw the adoption of audited standalone and consolidated financial statements for FY26. Shareholders also ratified the appointment of S.N. Gadiya & Co. as statutory auditors for a one-year term, ensuring continuity in financial oversight for the upcoming fiscal year.
Name change details
The special resolution approved changing the company's name from "Flexituff Ventures International Limited" to "Kaashipur Venture International Limited." This change is described as cosmetic and strategic, with no proposal to alter the objects of the company. The name change will become effective upon receipt of a fresh Certificate of Incorporation from the Registrar of Companies (ROC).
The company received a name availability letter dated September 2, 2026, from the ROC's Central Registration Centre, confirming no objection to the proposed name. A certificate from a practicing Chartered Accountant certifying compliance under Regulation 45(1) of SEBI (LODR) Regulations, 2015, has also been obtained. The change does not affect the company's legal status, operations, rights, or obligations.
Board appointments and re-appointments
The AGM addressed key leadership transitions within the board. Saurabh Kalani was re-appointed as Whole-Time Director following his retirement by rotation. The meeting also approved the induction of three new directors to strengthen the board's composition and diversity.
| Item | Resolution | Outcome |
|---|---|---|
| 1(a) | Adopt standalone financial statements FY26 | Passed |
| 1(b) | Adopt consolidated financial statements FY26 | Passed |
| 2 | Re-appoint Saurabh Kalani as WTD | Passed |
| 3 | Appoint Gudiya Yadav as Non-Exec Non-Ind Director | Passed |
| 4 | Appoint Surabhi Singh Rathod as Ind Director | Passed |
| 5 | Appoint Siddharth Shankar Mahajan as Ind Director | Passed |
| 6 | Appoint S.N. Gadiya & Co. as Statutory Auditors | Passed |
| 7 | Approve change of company name | Passed |
Auditor appointment details
S.N. Gadiya & Co., Chartered Accountants, was appointed as the Statutory Auditor for a period of one year, commencing from the conclusion of the 33rd AGM till the conclusion of the 34th AGM. The firm has been in professional practice since 1983 and is currently associated with the audit of four listed entities. It brings substantial expertise in financial reporting, statutory audit, and corporate governance.
Governance and voting details
Voting was conducted through remote e-voting and electronic means at the meeting. The scrutinizer's report confirmed that all resolutions received near-unanimous approval from participating shareholders. Notably, while items relating to independent director appointments were listed as ordinary resolutions in the notice, regulatory guidelines under SEBI LODR Regulations typically require special resolution status for such appointments. The scrutinizer reported results based on the notice terms without certifying them as special resolutions.
What the numbers show
The voting data reveals a highly concentrated shareholder base with minimal dissent. For every resolution, 18,659,900 shares voted in favor against only 47 shares voting against. This disparity indicates that less than 0.001% of the voting capital opposed any of the management proposals. The absence of invalid votes further suggests clear communication and high shareholder engagement levels during the e-voting process.
Historical Stock Returns for Flexituff Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.68% | +10.62% | +17.05% | -51.13% | -87.14% | -79.66% |
How will the rebranding to Kaashipur Venture International Limited influence the company's brand equity and market perception among institutional investors?
What specific strategic objectives or sectoral pivots are driving the simultaneous name change and board restructuring, given the claim that operational objects remain unchanged?
Will the appointment of three new directors, including two independent directors, lead to tangible changes in the company's corporate governance framework or risk management policies?
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