Nirav Commercial Limited has announced changes to its internal audit leadership following a Board of Directors meeting held on April 15, 2026. The company has accepted the resignation of its current Internal Auditor while simultaneously appointing a replacement, ensuring continuity in its audit functions.

Board Approves Internal Auditor Transition

The Board of Directors, acting on recommendations from the Audit Committee, approved the resignation of CS Ankita Vishwakarma from her position as Internal Auditor. Her resignation takes effect from April 15, 2026, citing other commitments and pre-occupation as the primary reasons for her departure.

In her resignation letter dated April 15, 2026, Vishwakarma expressed gratitude to the Board and Management for the opportunities, trust, and support extended during her tenure with the company.

New Internal Auditor Appointment

The Board has appointed CS Ekta Joshi as the new Internal Auditor, effective from April 15, 2026. The appointment ensures seamless transition in the company's internal audit operations.

Regulatory Compliance

The company has disclosed these changes in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also adheres to SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Transition Summary

The internal auditor transition reflects the company's commitment to maintaining robust governance standards while accommodating personnel changes. Both the resignation and appointment occurred on the same date, ensuring no gap in internal audit coverage.

Nirav commercial has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended March 31, 2026. The filing demonstrates the company's adherence to regulatory requirements governing depositories and participants.

Regulatory Filing Details

The certificate was issued by Bigshare Services Private Limited, the company's registrar and share transfer agent, on April 7, 2026. Nirav Commercials subsequently filed this certificate with BSE Limited on April 10, 2026, fulfilling its quarterly compliance obligations.

Compliance Confirmation

The certificate confirms that securities received from depository participants for dematerialization up to March 31, 2026 were properly processed and confirmed to the depositories. Bigshare Services verified that all securities comprised in the certificates have been listed on the stock exchange where the company's earlier issued securities are traded.

The registrar also confirmed that security certificates received for dematerialization were mutilated and cancelled after due verification by the depository participant. The names of the depositories were substituted in the register of members as registered owners within the prescribed 15-day timeframe.

Corporate Structure

Nirav Commercials Limited operates from its registered and corporate office located at B-1, Tulsi Vihar, Dr. A.B. Road, Worli Naka, Mumbai. The company secretary and compliance officer Amey Borkar signed the filing on behalf of the company. The submission was made under the company's BSE scrip code 512425.

Regulatory Framework

This quarterly filing falls under SEBI (Depositories and Participants) Regulations, 2018, which governs the functioning of depositories and their participants in India's securities market. The regulation ensures proper handling and processing of securities in dematerialized form, maintaining investor protection and market integrity.