Jay Ambe Supermarkets Limited has officially announced the appointment of M/s. Deepti & Associates as its Secretarial Auditor for Financial Year 2025-26. The decision was approved by the Board of Directors during their meeting held on March 30, 2026, following a recommendation from the company's Audit Committee.

Board Meeting Outcome

The Board meeting was conducted on Monday, March 30, 2026, commencing at 5:30 p.m. and concluding at 6:00 p.m. The appointment was approved in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and communicated to BSE Limited under scrip code 544514.

Secretarial Auditor Profile

M/s. Deepti & Associates is a firm of Practicing Company Secretaries with significant expertise in corporate compliance. The firm holds FRN: S2016DE438900 and Peer Review Certificate No. 4240/2023. The firm brings over six years of comprehensive experience in Corporate Laws and Procedures, Secretarial Compliance Audits, and SEBI Regulations.

Leadership and Qualifications

Ms. Deepti Grover serves as the Proprietor of M/s. Deepti & Associates and holds Certificate of Practice No. 17546. She has consented to act as the Secretarial Auditor and is duly qualified for the appointment in accordance with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) 2018.

Regulatory Compliance

The appointment fulfills the company's regulatory obligations under SEBI Listing Regulations. The detailed disclosure was made pursuant to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The announcement was digitally signed by Jignesh Amratbhai Patel, Managing Director (DIN: 08049321), and formally communicated to the stock exchange as required under regulatory provisions.

Jay Ambe Supermarkets Limited has published newspaper advertisements regarding the dispatch of its postal ballot notice for the appointment of a new statutory auditor. The company communicated this development to BSE Limited on March 30, 2026, following its earlier board meeting approval on March 27, 2026.

Newspaper Publication Compliance

The company published advertisements in compliance with Section 108 of the Companies Act, 2013, and Regulation 44 of SEBI (LODR) Regulations, 2015. The publications appeared in two newspapers to ensure wide circulation and regulatory compliance.

Board Meeting and Auditor Transition

The Board of Directors had earlier convened on March 27, 2026, from 5:00 p.m. to 7:00 p.m., approving the postal ballot process for statutory auditor appointment. The transition involves replacing M/s. Jay M. Shah & Co., Chartered Accountants (Firm Registration No. 137295W), who resigned on November 07, 2025, with M/s. P K N & Co., Chartered Accountants (Firm Registration No. 137148W).

E-Voting Timeline and Process

The company has established a comprehensive e-voting framework through National Securities Depository Limited (NSDL) with specific timelines for shareholder participation. Ms. Deepti Grover (Membership no. F7654) serves as the appointed scrutinizer for the postal ballot process.

Regulatory Framework and Compliance

The postal ballot process adheres to multiple regulatory requirements including the Companies Act, 2013, and SEBI Listing Regulations. Shareholders whose names appear in the Register of Members or List of Beneficial Owners as on the cut-off date are eligible to participate in the e-voting process.

Upon approval, M/s. P K N & Co. will hold office until the conclusion of the next Annual General Meeting and conduct statutory audit work for Financial Year 2026-27. The results will be displayed on the company's website at www.citysquaremart.com and NSDL's website at www.evoting.nsdl.com , with simultaneous communication to stock exchanges.

The company's Managing Director Jignesh Amratbhai Patel (DIN: 08049321) digitally signed all official communications, ensuring proper authorization and compliance with regulatory requirements.