Harikanta Overseas has appointed Abhishek Nileshkumar Gotawala as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective July 25, 2026. The Board of Directors approved the appointment at a meeting held on July 25, 2026, following recommendations from the Audit Committee and the Nomination & Remuneration Committee. This move aims to consolidate executive responsibilities and align financial leadership with the company’s strategic direction.

Gotawala will hold the office of CFO in addition to his existing role as Whole-time Director. The appointment is made on the existing terms and conditions of his current engagement. Managing Director Hardik Kamal Gotawala confirmed the decision in an intimation filed with BSE Limited under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Profile and Experience

Abhishek Nileshkumar Gotawala brings over six years of experience in finance, accounts, commercial operations, internal controls, and strategic management. He has been associated with Harikanta Overseas since its incorporation. His expertise includes extensive experience in the business of weaving and manufacturing silk and silk mixture fabrics.

Related Party Disclosures

The filing discloses that Gotawala is related to Hardik Gotawala, the Managing Director, and Nilesh Gotawala, another Whole-time Director. As per the disclosure, Gotawala holds 23,23,580 shares in the company. The consolidation of the CFO role with the Whole-time Director position is intended to streamline decision-making processes within the executive team.

Harikanta Overseas has appointed M/s. JKPA & Associates as its Secretarial Auditors for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on July 25, 2026. This move ensures compliance with corporate governance norms and statutory requirements for the upcoming fiscal period. The appointment is significant for maintaining transparency and adherence to SEBI regulations, particularly as the company continues its operations in manufacturing and exporting fancy fabrics and sarees.

The decision was communicated to BSE Limited under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hardik Gotawala, Managing Director of Harikanta Overseas Limited, signed the intimation letter. The company clarified that Regulation 24A of the SEBI (LODR) Regulations, 2015 is not applicable to it, as it falls under the exempted category stated under Regulation 15(2) of the same regulations. Consequently, the Board of Directors directly appointed the Secretarial Auditors rather than seeking shareholder approval through a general meeting.

Auditor Profile and Scope

M/s. JKPA & Associates is a peer-reviewed firm of Company Secretaries in Practice with Firm Registration Number (FRN) I2012GJ950300. The firm brings over a decade of experience in Corporate Laws, Foreign Exchange Management Act (FEMA), SEBI Regulations, and related areas. Its services include secretarial audit, corporate governance, RBI matters, due diligence, and advisory on corporate restructuring, mergers, amalgamations, and SME listing matters. The scope of the appointment covers the conduct of the Secretarial Audit for the financial year 2026-27.

Regulatory Compliance Context

The appointment underscores Harikanta Overseas's commitment to regulatory compliance. By explicitly stating its exemption from Regulation 24A under Regulation 15(2), the company highlights its specific classification under SEBI norms. This exemption allows the Board to appoint secretarial auditors directly, streamlining the process while maintaining oversight. There are no disclosed relationships between the directors and the appointed auditors, ensuring independence in the audit process. The firm’s expertise in FEMA and SEBI regulations aligns with the company’s profile as an exporter, potentially aiding in compliance with foreign exchange and cross-border transaction laws.