Khemani Distributors & Marketing Limited company name shareholders unanimously approved the re-appointment of M/s. B Chordia and Co. as Statutory Auditor for a second five-year term during the company’s 15th Annual General Meeting (AGM) on August 4, 2026. The resolution passed with 100% support from all 17,230,000 shares polled, ensuring continuity in external audit oversight through to the 20th AGM in 2031-32. Shareholders also adopted the audited standalone financial statements for FY26 and re-appointed Mrs. Anupa Amitkumar Khemani as a Director, with both resolutions receiving near-unanimous backing.

The AGM was convened pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. Voting was conducted exclusively via physical ballot papers at the company’s registered office in Surat, Gujarat, with no postal ballot or e-voting exercised. Mr. Bhaveshkumar Rawal, Company Secretary, served as the Scrutinizer, confirming that the process adhered to Secretarial Standard on General Meetings (SS-2) and Rule 20(4)(xii) of the Companies (Management and Administration) Rules, 2014.

Voting Results

Ten members attended the meeting in person, representing 100% of the outstanding equity shares. The detailed voting outcomes for each ordinary resolution are as follows:

Mrs. Anupa Amitkumar Khemani (DIN: 07360209), who retires by rotation, was eligible and offered herself for re-appointment. Her resolution passed with 99.93% support, with 11,280 shares abstaining or casting invalid votes, though no formal "against" votes were recorded. The Statutory Auditor resolution received full support from all participating shares.

Governance and Proceedings

Mr. Vijaykumar Khemani, Chairman & Managing Director, presided over the proceedings, which commenced at 11:00 AM and concluded at 12:01 PM. Ms. Charmi Soni, Company Secretary & Compliance Officer, confirmed the presence of the requisite quorum. The Board of Directors present included Amitkumar Khemani (Whole Time Director & CFO), Mukesh Kabra (Independent Director), Pratibha Pankaj Gulgulia (Independent Director), and Balkishan Agarwal (Independent Director).

Ms. Sonam Saifee and Ms. Sweta Agola acted as witnesses during the ballot counting process. No questions were raised by members during the Q&A session regarding the financial statements or other agenda items. The Scrutinizer’s report, dated August 4, 2026, was countersigned by Chairman Vijaykumar Khemani and submitted to the Bombay Stock Exchange.

Khemani Distributors & Marketing Ltd will hold its 15th Annual General Meeting on August 4, 2026, at 11:00 AM at its registered office in Surat, Gujarat. The meeting will consider the adoption of audited standalone financial statements for the financial year ended March 31, 2026, and the re-appointment of the statutory auditor. Shareholders as of July 31, 2026, are entitled to vote on the resolutions, which will be conducted via ballot paper at the venue.

The company reported a net loss of ₹12.96 lakh for FY26, reversing the net profit of ₹13.70 lakh recorded in the previous year. Revenue from operations declined by 22.7% to ₹676.98 lakh from ₹875.62 lakh in FY25, while total expenses rose to ₹967.12 lakh from ₹740.40 lakh. The financial performance was impacted by a significant increase in other expenses and a loss on the sale of bonds and shares.

Financial Performance

The company’s total income for FY26 stood at ₹793.63 lakh, a decrease from ₹921.18 lakh in the preceding year. Profit before tax turned negative at ₹(173.49) lakh, compared to a profit of ₹180.78 lakh in FY25. The finance cost for the year was ₹49.00 lakh, while depreciation and amortisation expenses amounted to ₹21.81 lakh.

Board and Governance

The Board of Directors comprises Shri Vijaykumar Khemani as Chairman & Managing Director and Mr. Amitkumar Khemani as Whole Time Director & CFO. Mrs. Anupa Amitkumar Khemani serves as a Non-Executive Director and is eligible for re-appointment at the AGM. The company’s internal audit systems were deemed commensurate with the size and nature of its business.

Auditor and Key Appointments

B Chordia & Co., Chartered Accountants, served as the statutory auditors for the year. The Board has recommended their re-appointment for a second term of five years, subject to shareholder approval, to hold office until the conclusion of the 20th Annual General Meeting in 2031-32. The auditors reported that the company has incurred cash losses during the financial year and the immediately preceding financial year.