Mrugesh Trading Limited Completes Postal Ballot Dispatch with Newspaper Publication
Mrugesh Trading Limited has completed the dispatch of its postal ballot notice and published mandatory newspaper advertisements confirming the electronic distribution and remote e-voting facility. The company seeks shareholder approval for three key appointments including Managing Director Babubhai Makwana's five-year term, statutory auditor replacement, and secretarial auditor appointment, with voting scheduled from April 11-May 10, 2026.
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Mrugesh trading Limited has announced a comprehensive postal ballot process following its board meeting held on April 10, 2026. The company seeks shareholder approval for three key appointments through remote e-voting, marking significant corporate governance developments.
Postal Ballot Resolutions Overview
The postal ballot notice dated April 10, 2026, presents three ordinary resolutions for shareholder approval:
| Sr. No.: | Resolution Details | Type |
|---|---|---|
| 1 | Appointment of Mr. Babubhai Bhalabhai Makwana (DIN: 11527268) as Managing Director | Ordinary Resolution |
| 2 | Appointment of Statutory Auditor of the Company | Ordinary Resolution |
| 3 | Appointment of M/s. Dhruvi Patel & Associates as Secretarial Auditor for FY 2025-26 | Ordinary Resolution |
Managing Director Appointment
The board has proposed the appointment of Mr. Babubhai Bhalabhai Makwana as Managing Director for a five-year term from February 20, 2026, to February 19, 2031. The appointment comes with specific remuneration terms:
| Parameter: | Details |
|---|---|
| Name: | Mr. Babubhai Bhalabhai Makwana |
| DIN: | 11527268 |
| Term Period: | 5 years (Feb 20, 2026 - Feb 19, 2031) |
| Monthly Salary: | Up to Rs. 1,00,000 |
| Additional Benefits: | Reimbursement of business expenses |
| Retirement: | Liable to retire by rotation |
Mr. Makwana brings over 15 years of expertise in business management and accounting, with strong knowledge in financial reporting, budgeting, and business operations.
Statutory Auditor Changes
Due to the resignation of M/s. J. Singh & Associates, Chartered Accountants, Mumbai (FRN: 110266W), the company faces a casual vacancy in the statutory auditor position. The board has recommended M/s. D D S & Associates, Chartered Accountants, Ahmedabad (FRN: 120362W), to fill this vacancy for the financial year 2025-26.
Secretarial Auditor Appointment
The company has updated the secretarial auditor appointment details from the original announcement. M/s. Dhruvi Patel & Associates, Company Secretaries, Ahmedabad, will serve as secretarial auditor with the corrected FRN: S2025GJ1018200 (Peer Review Certificate No. 7004/2025).
| Auditor Details: | Information |
|---|---|
| Firm Name: | M/s. Dhruvi Patel & Associates |
| FRN: | S2025GJ1018200 |
| Membership No.: | ACS – 42698 |
| COP No.: | 27936 |
| Location: | Ahmedabad |
| Term: | Financial Year 2025-26 |
E-Voting Process and Timeline
The company has engaged NSDL for facilitating remote e-voting exclusively, with no physical postal ballot forms being distributed. The voting process details are:
| Voting Parameter: | Details |
|---|---|
| Voting Method: | Remote e-voting only via NSDL |
| Start Date: | April 11, 2026 at 09:00 A.M. (IST) |
| End Date: | May 10, 2026 at 05:00 P.M. (IST) |
| Cut-off Date: | April 3, 2026 |
| Scrutinizer: | CS Jay Pandya (M/s. Jay Pandya & Associates) |
| Result Declaration: | By May 12, 2026 |
Newspaper Publication and Regulatory Compliance
Pursuant to Regulation 47 of SEBI (LODR) Regulations, 2015, the company has published advertisements in newspapers on April 11, 2026, confirming the completion of postal ballot notice dispatch through electronic mode. The publication details include:
| Publication Details: | Information |
|---|---|
| English Newspaper: | Active Times Newspaper |
| Regional Language: | Mumbai Lakshadeep Newspaper (Marathi) |
| Publication Date: | Saturday, April 11, 2026 |
| Security ID: | MRUTR |
| BSE Code: | 512065 |
The postal ballot process complies with Section 108, 110 of the Companies Act, 2013, SEBI (LODR) Regulations, 2015, and MCA Circular No. 03/2025 dated September 22, 2025. The company maintains transparency by making the notice available on its website at mrugeshtradinglimited.com and BSE's website.
The board meeting was chaired by Managing Director Babubhai Bhalabhai Makwana, who signed the official communication to BSE Limited regarding these developments. All proposed appointments require ordinary resolution approval from shareholders through the electronic voting process.
Historical Stock Returns for Mrugesh Trading
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.97% | +10.24% | +44.85% | +1,317.27% | +4,004.17% | +4,590.48% |
What strategic initiatives might Mr. Makwana implement during his five-year tenure as Managing Director to drive company growth?
How could the sudden resignation of the previous statutory auditor impact investor confidence and what measures will the new auditors take to ensure transparency?
Will these leadership and auditor changes signal a shift in Mrugesh Trading's business strategy or operational focus?
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