Jyoti Structures Limited has removed M/s. Bhushan Khot & Co., Chartered Accountants, as one of its internal auditors, effective August 04, 2026. The Board of Directors approved the change following a recommendation from the Audit Committee. This procedural update ensures continuity in the company’s internal audit framework, with M/s. KNBJ & Co., Chartered Accountants, continuing in the role.

The decision was formalized during a board meeting held on August 04, 2026. The company disclosed the removal pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, which supersedes the earlier Circular CIR/CFD/CMD/4/2015 dated September 09, 2015.

Key Details of the Change

Sonali K. Gaikwad, Company Secretary (FCS 13908), signed the intimation sent to BSE Limited and National Stock Exchange of India Limited. The filing confirms that no other changes to the internal audit structure were announced alongside this removal.

Regulatory Compliance

The company adhered to all mandatory disclosure norms under the SEBI LODR Regulations. The detailed disclosure required under Regulation 30 was enclosed as Annexure A in the submission. The document explicitly states that the removal is with immediate effect, ensuring transparency regarding the oversight of internal controls.

What This Means

The removal of an internal auditor is a routine corporate governance action, often driven by term limits, rotation policies, or strategic realignments. In this case, the Audit Committee’s recommendation suggests a structured review of audit services. With M/s. KNBJ & Co. continuing in the role, Jyoti Structures maintains uninterrupted internal audit coverage. Investors should note that this change does not impact the statutory audit function or the company’s financial reporting obligations for the current fiscal year.

Jyoti Structures Limited has submitted the copy of the newspaper advertisement regarding the Notice of its 51st Annual General Meeting (AGM) to the stock exchanges. The notice was published in Business Standard (English) and Aapla Mahanagar (Marathi) in compliance with Regulation 47(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The 51st AGM is scheduled for August 13, 2026, through video conferencing. Shareholders will consider the ratification of remuneration for cost auditors and the appointment of branch auditors for overseas operations in Uganda, Kenya, and Tunisia. The board has proposed appointing Sapi & Associates, JNS & Associates LLP, and Karim Rejeb & Co as branch auditors with remuneration set at $1,800, $1,000, and $824 respectively.

The meeting seeks shareholder approval to increase the company's authorised share capital from ₹256.30 crore to ₹320 crore by creating 31.85 crore additional equity shares of ₹2 each. This move aims to provide adequate flexibility for future corporate requirements.

Shareholders whose names appear in the Register of Members as of August 6, 2026, will be eligible to attend and vote at the meeting. The book closure period is from August 6, 2026, to August 13, 2026. Remote e-voting facilities will be available from August 10, 2026, at 9:00 a.m. IST to August 12, 2026, at 5:00 p.m. IST.

Key AGM Dates

Branch Auditor Appointment Details