Palm Jewels Limited held its 21st Annual General Meeting on September 29, 2026, through video conferencing and other audio-visual means. The meeting commenced at 4:00 pm and concluded at 4:20 pm.

The Chairman delivered an address covering the company's operational and financial performance for the financial year ended March 31, 2026. He noted that there were no qualifications or adverse remarks in the Statutory Auditors' Report or the Secretarial Audit Report.

Resolutions passed

The meeting transacted ordinary business as set out in the notice convening the AGM. Members considered and adopted the audited financial statements for FY26. They also approved the reappointment of a director retiring by rotation and fixed the remuneration for secretarial auditors.

Governance and attendance

The meeting was chaired by Saunil Rohitkumar Shah. Six directors were present, including Managing Director Rohit Dalpatbhai Shah and Independent Directors Mitkumar Dipakkumar Shah, Hetkumar Devendrakumar Shah, and Jheel Mayankbhai Shah. Non-Executive Non-Independent Director Chetana Rohitbhai Shah also attended.

Key managerial personnel present included Company Secretary Ayushi Sahu and Chief Financial Officer Raj Atulkumar Shah. Representatives from statutory auditors Bharat H. Shah & Co., secretarial auditors Madhav Upadhyay and Associates, and internal auditor Shivam Soni participated in the meeting.

Voting procedures

Remote e-voting was conducted from September 25, 2026, to September 28, 2026. Members who did not vote remotely could cast their votes during the AGM. Madhav Upadhyay, a practising company secretary, served as the scrutinizer. Combined voting results will be declared within 48 hours and submitted to stock exchanges.

Palm Jewels Limited’s board accepted the resignation of M/s Neelam Somani & Associates as its secretarial auditor on September 4, 2026. The firm stepped down with immediate effect citing personal reasons.

The company confirmed there are no material reasons for the resignation other than those stated in the letter. There are no adverse remarks or observations bearing on the financial or operational affairs of the company.

Resignation Details

M/s Neelam Somani & Associates, Company Secretaries in Practice (Membership No. 10993; Certificate of Practice No. 12454), tendered their resignation vide letter dated September 4, 2026. The cessation is effective from September 4, 2026.

The Board of Directors, upon recommendation of the Audit Committee, will consider and appoint a new Secretarial Auditor in due course. The appointment will be intimated to the Stock Exchange(s) in accordance with applicable provisions of the SEBI Listing Regulations.

Regulatory Disclosure

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto. It also references SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as amended.