Shareholders of Modi Naturals Limited have approved the appointment of M/s B. Chhawchharia & Co. as the company’s Statutory Auditors for a first term of five consecutive years. The resolution passed at the 52nd Annual General Meeting (AGM) held on July 31, 2026, secures the firm’s tenure until the conclusion of the 57th AGM, ensuring continuity in financial oversight for the mid-term period.

The Board of Directors had initially recommended the appointment during its meeting on July 6, 2026, based on the advice of the Audit Committee. This recommendation was subsequently ratified by shareholders via video conference and other audio visual means (OAVM). The appointment is made under Section 139 of the Companies Act, 2013, replacing the previous audit arrangement for this specific term.

Appointment Details

The key details of the statutory auditor appointment are outlined below:

Regulatory Compliance

Modi Naturals Limited issued an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The disclosure aligns with SEBI Master Circular No. Ho/49/14/14(7)2025-CFDPOD2/1/3762/2026, last updated on January 30, 2026. The company confirmed that there are no relationships between directors and the appointed auditor that would impact independence, marking the disclosure field as "Not Applicable."

Auditor Profile

M/s B. Chhawchharia & Co. (BCCO) is a firm of practicing Chartered Accountants based in New Delhi. Established in 1966 by Late Basudeo Chhawchharia, the firm has served domestic and international clients since its inception. Late Basudeo Chhawchharia qualified as a Chartered Accountant from the Institute of Chartered Accountants of England and Wales in 1949 and previously partnered with M/s K N Gutgutia & Co. and M/s Gutgutia & Co. before founding his own practice in 1966. Since then, the firm has expanded its partner base and office network.

The appointment ensures that Modi Naturals Limited maintains a long-term audit relationship, potentially reducing transition costs and enhancing the auditor’s understanding of the company’s operations over the five-year cycle.

Shareholders of Modi Naturals Limited have appointed M/s. A.K. Verma & Co. as the company's Secretarial Auditor for a term of five consecutive financial years, from FY 2026-27 to FY 2030-31. The resolution was passed unanimously at the company's 52nd Annual General Meeting (AGM) held on July 31, 2026, replacing the outgoing firm M/s. Deepak Bansal & Associates, who resigned from the position. This appointment ensures continuity in corporate governance compliance for the next cycle of audits.

The appointment was made pursuant to Regulation 30 read with sub-para 7 of Para A Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The term is effective from the conclusion of the 52nd AGM and will remain valid until the conclusion of the 57th AGM. The firm, based in Delhi, holds Firm Registration No. P1997DE091500 and is led by Mr. Ashok Kumar Verma, who serves as the designated auditor.

Appointment Details

The new Secretarial Auditor brings extensive experience in corporate laws, secretarial audit, and regulatory compliances. The firm has served a diverse clientele including listed companies, multinational corporations, and public sector undertakings. Mr. Ashok Kumar Verma holds Council Registration No. FCS 3945 and Certificate of Practice No. 2568.

AGM Proceedings and Governance

The 52nd AGM was conducted via Video Conferencing or Other Audio-Visual Means (OAVM) due to the absence of Anil Modi, who was unable to attend due to ill health. Akshay Modi chaired the meeting, which commenced at 2:30 p.m. IST and concluded at 3:13 p.m. IST. A total of 120 members joined the virtual session, with a quorum present throughout.

Remote e-voting was facilitated by Central Depository Services Limited (CDSL) from July 28, 2026, at 10:00 a.m. IST to July 30, 2026, at 5:00 p.m. IST. Out of 13,306,397 shares held by 7,224 shareholders on the record date of July 24, 2026, a total of 6,581,749 votes were polled. All six ordinary resolutions, including the adoption of FY26 financial statements and the re-appointment of Mrs. Aditi Modi as Director, passed with support exceeding 99.99%.

Promoter group shareholders cast 6,486,321 votes, representing 70.55% of outstanding shares, ensuring the passage of all agenda items. Public non-institutional shareholders contributed 95,428 votes, with over 99.98% voting in favor of each resolution. Rajan Kumar Singh, the Company Secretary and Compliance Officer, confirmed that reports from both the Statutory Auditors (M/s Doogar & Associates Chartered Accountants) and the outgoing Secretarial Auditor contained no qualifications or adverse remarks.