Gujarat Raffia Industries has approved its Board Report for FY26 and scheduled its Annual General Meeting for September 29, 2026. The company’s Board of Directors held a meeting on September 7, 2026, to finalize these corporate governance matters.

The board approved the draft notice convening the AGM, which will be held at the company’s registered office in Santej, Gujarat. Shareholders will be able to participate via e-voting facilities provided by National Securities Depository Limited (NSDL).

Auditor Appointment

The board appointed M/s. MAPPS & Co., Chartered Accountants (Firm Registration No. 107706W), as the statutory auditors for five consecutive years. This term commences from the conclusion of the 40th AGM and extends until the conclusion of the 44th AGM, subject to shareholder approval.

The appointment follows the tenure completion of the previous statutory auditor. M/s. MAPPS & Co. specializes in accounting, corporate laws, taxation, and risk management services.

AGM Details

The 40th Annual General Meeting is scheduled for Tuesday, September 29, 2026, at 2:00 pm. Key agenda items include:

• Adoption of Audited Financial Statements for the year ended March 31, 2026
• Re-appointment of Mr. Abhishek Bhutoria (DIN: 07263523), who retires by rotation
• Approval of the statutory auditor appointment

Remote e-voting will be available from September 24, 2026, to September 28, 2026. The record date for determining voting eligibility is September 18, 2026.

Gujarat Raffia Industries disclosed that its statutory auditor, M/s. KPSJ & Associates LLP, has tendered its resignation with effect from August 14, 2026. The audit firm attributed the decision to increased professional commitments and engagement in new assignments that require substantial time and resources, leaving it unable to continue dedicating the necessary attention to the company’s audit responsibilities.

The resignation was communicated via a letter dated August 14, 2026, received by the company on the same day. KPSJ & Associates LLP confirmed that it had completed the Limited Review Report for the quarter ended June 30, 2026, which was issued on August 13, 2026. The firm also stated that Form ADT-3 would be filed with the Registrar of Companies in due course, as required under the Companies Act, 2013.

Regulatory Compliance and Next Steps

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Gujarat Raffia Industries informed the BSE, NSE, and CSE of the development. The company’s Audit Committee and Board of Directors are set to consider the resignation and initiate the appointment of a new statutory auditor.

The disclosure included specific details regarding the change:

The audit firm noted that there were no material reasons other than those stated for the resignation. It expressed gratitude to the board, audit committee, and management for their cooperation during its tenure, which began after a shareholder resolution on August 12, 2025, for a five-year term until the 2030 AGM.