Gujarat Craft Industries sets AGM date, appoints new CFO
Gujarat Craft Industries Limited announced the schedule for its 42nd AGM on September 23, 2026, and appointed Mudesharsha Fakir as CFO effective July 29, 2026. The Board also selected M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for five years starting FY2027. Shareholders can vote remotely between September 20 and September 22, 2026.
*this image is generated using AI for illustrative purposes only.
Gujarat Craft Industries has scheduled its 42nd Annual General Meeting (AGM) for September 23, 2026, and appointed Mudesharsha Fakir as Chief Financial Officer (CFO). The Board of Directors also approved the appointment of M/s. Kashyap R. Mehta & Partners as Secretarial Auditors for a five-year term, subject to shareholder approval at the upcoming AGM.
The Board meeting held on July 29, 2026, determined that the AGM will be conducted via Video Conferencing or Other Audio Visual Means in compliance with the Companies Act, 2013, MCA Circular No. 03/2025 dated September 22, 2025, and General Circular No. 20/2020 dated May 5, 2020. Pursuant to Regulation 42 of the SEBI Listing Regulations, the record date for determining shareholders entitled to receive the final dividend for FY2026, if declared, is fixed for September 16, 2026. Any dividend payment will be made on or after September 23, 2026, within the statutory time limit.
Key Managerial Personnel Appointment
The Board appointed Mr. Mudesharsha Fakir as CFO with effect from July 29, 2026, based on the recommendation of the Nomination and Remuneration Committee. This appointment fulfills the requirements of Section 203 of the Companies Act, 2013. Mr. Fakir, who has been associated with the company since June 2016, currently serves as Accounts Manager. He holds a Bachelor of Commerce degree from Gujarat University and has completed the Intermediate level of the Chartered Accountancy course conducted by the Institute of Chartered Accountants of India. He is not related to any directors of the company.
Secretarial Auditor Appointment
The Board approved the appointment of M/s. Kashyap R. Mehta & Partners, Practising Company Secretaries (FRN: P2025GJ106000), as Secretarial Auditors for a term of five consecutive financial years from FY2027 to FY2031. This appointment is based on the recommendation of the Audit Committee and is subject to approval by members at the ensuing 42nd AGM, pursuant to Section 204 of the Companies Act, 2013 and Regulation 24A of SEBI (LODR) Regulations, 2015.
E-Voting Details
Shareholders may cast their votes via remote e-voting on all resolutions set forth in the notice of the 42nd AGM. The details are as follows:
| Parameter | Detail |
|---|---|
| Commencement of Remote e-voting | 9:00 a.m. on September 20, 2026 |
| End of Remote e-voting | 5:00 p.m. on September 22, 2026 |
| Cut-off date for entitlement | September 16, 2026 |
| E-voting during AGM limit | 15 minutes after conclusion of AGM |
The company disclosed these changes under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Historical Stock Returns for Gujarat Craft Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.13% | +0.22% | +0.70% | -22.21% | -34.48% | +42.50% |
How might the promotion of an internal Accounts Manager to CFO impact Gujarat Craft Industries' financial strategy and cost management in the coming fiscal years?
What are the expectations for the final dividend declaration for FY2026, and how does it compare to previous years' payouts?
How will the five-year tenure of the new Secretarial Auditor influence the company's corporate governance compliance and risk mitigation frameworks?
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