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.

Harikanta Overseas has appointed M/s. Mrudit A Thakkar & Co, Chartered Accountants, as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on July 25, 2026, ensuring compliance with regulatory requirements for independent oversight of the company’s internal controls. This appointment replaces any prior arrangement and establishes a new audit framework for the upcoming fiscal year.

The company disclosed the appointment to BSE Limited under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that there is no disclosed relationship between the appointed auditors and the directors of the company, maintaining independence standards required by securities regulators.

Appointment Details

The key details of the appointment are outlined below:

Mrudit Ajaykumar Thakkar, the lead chartered accountant, possesses two years of experience in internal audit, statutory audit, corporate accounting, and management consultancy. His expertise aligns with the company’s need for rigorous financial scrutiny and operational compliance.

Regulatory Compliance

The appointment adheres to the SEBI circulars governing the appointment of internal auditors for listed entities. Harikanta Overseas Limited, identified by CIN U17299GJ2018PLC104835, emphasized that the selection process followed due diligence protocols. Managing Director Hardik Gotawala signed the disclosure, affirming the board’s commitment to transparent governance practices.

What This Means for Governance

The engagement of a specialized internal audit firm signals Harikanta Overseas’ focus on strengthening its internal control environment. With Mrudit A Thakkar & Co taking charge for FY2026-27, the company aims to enhance the reliability of its financial reporting and operational efficiency. Investors can expect more robust audit findings in future disclosures, reflecting improved oversight mechanisms.