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.

Harikanta Overseas Limited has accepted the resignation of Shafali Narendrakumar Jain as Chief Financial Officer (CFO) and Key Managerial Personnel, effective July 25, 2026. The fancy fabric manufacturer and exporter disclosed the leadership change to BSE Limited on July 25, 2026, following Jain’s submission of her resignation letter on July 16, 2026. Jain cited better career prospects as the primary reason for her exit after a tenure of approximately fourteen months.

The company notified the exchange under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hardik Kamal Gotawala, Managing Director of Harikanta Overseas Limited, signed the intimation letter confirming the cessation of Jain’s role with effect from the close of business hours on July 25, 2026. The filing included a copy of Jain’s resignation letter and detailed disclosures as required by applicable SEBI circulars.

Shafali Narendrakumar Jain was appointed to the position of CFO on May 1, 2025. In her resignation email addressed to the Board of Directors, she requested acceptance of her resignation and offered full cooperation during the transition period to ensure a smooth handover of responsibilities. She also requested the company to settle her full and final dues at the earliest and issue a proper relieving letter confirming the effective date of cessation.

Resignation Details

The company’s Board of Directors is expected to formally note and accept the resignation in its ensuing meeting. Harikanta Overseas Limited is listed on the SME Platform of BSE Limited under Script Code 544769. The resignation does not appear to be linked to any regulatory scrutiny or internal governance issues, as the reason provided was purely professional advancement. The company has not yet announced a successor to fill the vacant CFO position.