Palm Jewels appoints Madhav Upadhyay as secretarial auditor

0 min read | Published on 04 Sept 2026, 04:15 PM |Updated on 04 Sept 2026, 04:33 PM

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Naman SScanX News Team

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Key Highlights

Palm Jewels appoints M/s Madhav Upadhyay and Associates as secretarial auditor
Appointment covers five financial years from FY27 to FY31
Replaces M/s Neelam Somani & Associates who resigned on September 4, 2026
Shareholder approval required at the upcoming annual general meeting

*this image is generated using AI for illustrative purposes only.

Palm Jewels Limited’s board appointed M/s Madhav Upadhyay and Associates as its secretarial auditor on September 4, 2026. The firm will serve for five consecutive financial years, subject to shareholder approval.

The appointment replaces M/s Neelam Somani & Associates, which resigned effective September 4, 2026, citing personal reasons. The board made the decision on the recommendation of the Nomination and Remuneration Committee.

Auditor Appointment Details

M/s Madhav Upadhyay and Associates has been appointed for a continuous period of five financial years, covering FY27 to FY31. This tenure is subject to approval by members at the upcoming annual general meeting (AGM). The firm brings experience in statutory compliances under SEBI regulations, FEMA, and Company Law.

Mr. Madhav Jayprakash Upadhyay, proprietor of the firm, was also appointed as the scrutinizer for e-voting at the AGM. E-voting will be active from September 25, 2026, at 9:00 am to September 28, 2026, at 5:00 pm.

Annual Report Approval

The board approved the notice for the AGM, the directors’ report with all annexures, and the annual report for FY26. The meeting concluded at 2:50 pm on September 4, 2026.

Historical Stock Returns for Palm Jewels

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.06%	+0.99%	0.0%	-8.63%	-40.96%	-48.32%

How might the transition from Neelam Somani & Associates to Madhav Upadhyay and Associates impact Palm Jewels' compliance strategy under SEBI and FEMA regulations?

What specific governance improvements or audit findings might the new secretarial auditor highlight during their five-year tenure?

Could the resignation of the previous auditor due to 'personal reasons' signal any underlying corporate governance issues that shareholders should monitor?

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Palm Jewels appoints Ayushi Sahu as Company Secretary

1 min read | Published on 01 Sept 2026, 06:16 PM |Updated on 01 Sept 2026, 06:34 PM

Reviewed by

Anirudha BScanX News Team

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Key Highlights

Palm Jewels appoints Ayushi Sahu as Company Secretary and Compliance Officer effective September 1, 2026.
Ms. Sahu is an Associate member of the Institute of Company Secretaries of India (Membership No. A68810).
The Board approved the appointment during a meeting in Ahmedabad on September 1, 2026.
Rohit Dalpatbhai Shah, Managing Director, filed the disclosure with BSE Limited.

*this image is generated using AI for illustrative purposes only.

Palm Jewels Limited appointed Ayushi Sahu as its Company Secretary and Compliance Officer effective September 1, 2026. The Board of Directors approved the appointment during a meeting held at the company’s registered office in Ahmedabad on the same day.

The meeting commenced at 4:00 pm and concluded at 5:00 pm. Rohit Dalpatbhai Shah, Managing Director, signed the disclosure filed with BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The Board considered and approved the following key matter:

Role: Company Secretary & Compliance Officer
Appointee: Ayushi Sahu (Membership No. A68810)
Effective Date: September 1, 2026

Ms. Sahu is an Associate member of the Institute of Company Secretaries of India. She possesses good knowledge of Corporate Laws and Legal Compliance Matters.

Palm Jewels stated it will intimate further details as required under Para-A of Schedule III of the SEBI Listing Regulations, read with SEBI circular dated July 13, 2023, to the stock exchange separately.