Mehul Telecom adopts FY26 financials, re-appoints director at AGM
- Adopted standalone audited financial statements for FY26
- Re-appointed Mrs. Hemali Mehulbhai Raymagiya as Director
- Appointed Chetan D. Shah as Secretarial Auditor for 5 years
- Statutory Auditors issued unqualified opinion for FY26
*this image is generated using AI for illustrative purposes only.
Mehul Telecom Limited held its third Annual General Meeting on September 30, 2026, in Rajkot. Shareholders adopted the standalone audited financial statements for the fiscal year ended March 31, 2026, and approved key governance resolutions.
The meeting, conducted physically at the registered office, commenced at 10:00 am and concluded by 10:25 am. A total of six members attended, with the requisite quorum present. Managing Director Mehul Vasantbhai Raymagia chaired the session, welcoming attendees and introducing the board members present.
Governance and director appointments
The agenda included ordinary business items focused on statutory compliance and board continuity. Mrs. Hemali Mehulbhai Raymagiya, who retired by rotation during the meeting, was re-appointed as a Director. She remains liable to retire by rotation in subsequent years.
Under special business, shareholders approved the appointment of Chetan D. Shah, a Practicing Company Secretary, as the Secretarial Auditor for a five-year term. This appointment ensures ongoing compliance with corporate secretarial standards.
Voting process and attendance
The company facilitated remote e-voting from September 25 to September 29, 2026. Members attending physically also had the option to vote via polling papers or insta-poll facilities. CS Chetan D. Shah served as the scrutinizer for the voting process.
The following directors and key managerial personnel were present:
- Mehul Vasantbhai Raymagia (Managing Director)
- Hemali Mehulbhai Raymagiya (Women Director)
- Irfan Husenbhai Chaudhari (Chief Financial Officer)
- Jitesh Kantilal Gunjaria (Non-Executive Independent Director)
- Naimish Vasharambhai Raiyani (Non-Executive Independent Director)
- Richie Dhrumil Vandra (Company Secretary and Compliance Officer)
Audit status and financial adoption
The Statutory Auditors expressed an unqualified opinion on the financial statements for FY26. There were no qualifications, adverse comments, or observations affecting the functioning of the company. The Board's Report and audit reports were taken as read before the resolutions were put to vote.
| Resolution Type | Item | Status |
|---|---|---|
| Ordinary | Adoption of Standalone Audited Financial Statements for FY26 | Passed |
| Ordinary | Re-appointment of Mrs. Hemali Mehulbhai Raymagiya | Passed |
| Special | Appointment of Secretarial Auditor for 5 years | Passed |
The results of the remote e-voting and insta-poll were declared within the prescribed time limit and uploaded to the company website. The meeting concluded with a vote of thanks proposed by the Company Secretary.
Historical Stock Returns for Mehul Telecom
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +19.97% | +25.09% | +22.06% | +21.29% | +21.29% | +21.29% |
How will the appointment of a new Secretarial Auditor for a five-year term influence Mehul Telecom's long-term corporate governance compliance strategy?
What specific growth initiatives or capital expenditures are planned to leverage the unqualified audit opinion and strengthen the company's market position in the telecom sector?
Given the small shareholder turnout, what measures is management considering to enhance investor engagement and broaden the company's institutional investor base in future fiscal years?
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