Garlon Polyfab appoints secretarial auditor, seeks leniency on delay

1 min read | Published on 25 Aug 2026, 10:15 PM |Updated on 25 Aug 2026, 10:15 PM

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Anirudha BScanX News Team

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Key Highlights

Garlon Polyfab appoints Prakash Pandey & Co. as secretarial auditor for FY26 to FY30
Appointment approved by Board on July 10, 2026, subject to shareholder approval
Company reports zero operational revenue and significant administrative challenges
Firm seeks leniency for delayed filing due to ongoing trading suspension

*this image is generated using AI for illustrative purposes only.

Garlon Polyfab Industries Limited appointed M/s. Prakash Pandey & Co. as its secretarial auditor for the period from FY26 to FY30. The Board approved the appointment during its meeting held on July 10, 2026, subject to shareholder approval.

The company disclosed that it has not generated any revenue from operations. It is currently facing significant administrative and operational challenges. These factors contributed to the delay in submitting the auditor appointment details to the exchange within the stipulated timeline.

Regulatory Context

Garlon Polyfab informed the BSE Limited about the appointment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm also referenced SEBI Master Circular Ref. No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

The company stated the delay was unintentional and without malafide intent to withhold material information. It requested a lenient view from the exchange to close the query.

Auditor Details

Particular	Details
Firm Name	Prakash Pandey & Co.
Membership No.	F11815
COP	23619
Term	FY25-26 to FY29-30
Effective Date	July 10, 2026

Prakash Pandey, the proprietor, holds Certificate of Practice No. 23619 and is a Fellow Member of the Institute of Company Secretaries of India. He possesses experience in corporate laws, secretarial compliance, and SEBI regulations.

Operational Status

The company is in the process of obtaining revocation of the suspension of trading of its securities. Garlon Polyfab emphasized its commitment to regularizing all pending compliances at the earliest. The Board meeting commenced at 3:00 pm and concluded at 3:30 pm.

What specific operational milestones must Garlon Polyfab achieve to successfully secure the revocation of its trading suspension?

How might the company's zero-revenue status and administrative challenges impact the likelihood of obtaining shareholder approval for the secretarial auditor appointment?

Are there any pending legal or regulatory penalties from SEBI or BSE that could hinder Garlon Polyfab's compliance regularization efforts despite their request for leniency?

Garlon Polyfab appoints Ritesh Srivastava as company secretary

1 min read | Published on 22 Aug 2026, 06:53 PM |Updated on 24 Aug 2026, 01:22 PM

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Anirudha BScanX News Team

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Key Highlights

Garlon Polyfab appoints Ritesh Srivastava as Company Secretary effective August 22, 2026
Sushil Kumar Gupta resigned on July 31, 2026, citing personal reasons
Srivastava is a Fellow member of ICSI with membership number F13274
Outgoing CS received ₹5 lakh in outstanding dues with no further claims

*this image is generated using AI for illustrative purposes only.

Garlon Polyfab Industries Limited appointed Ritesh Srivastava as Company Secretary and Compliance Officer effective August 22, 2026. The board made the appointment to fill the vacancy created by the resignation of Sushil Kumar Gupta.

Kumar Gupta tendered his resignation on July 31, 2026, citing personal reasons. He confirmed that there were no other material reasons for his departure. The company accepted the resignation with effect from July 31, 2026.

Srivastava is a Fellow member of the Institute of Company Secretaries of India (ICSI) with membership number F13274. He holds a Bachelor of Commerce and Bachelor in Law from CSJM University, Kanpur, and a Masters in Law from Noida International University.

The outgoing company secretary acknowledged receipt of outstanding remuneration and dues of ₹5 lakh via cheque dated July 31, 2026. He confirmed no further financial claims against the company.

Regulatory Disclosure

The company issued the intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure complies with Para A of Part A of Schedule III of the SEBI Listing Regulations.