Photoquip India appoints Chaitali Oza, Dhaval Soni, and Umang Gala as Directors

Photoquip India Ltd appointed Chaitali Sunil Oza, Dhaval Jayant Soni, and Umang Pradip Gala as directors for a term of five years at its 34th Annual General Meeting (AGM) held on June 19, 2026. The company also appointed M/s Jay Bhatt & Associates as its secretarial auditor for a five-year period. These appointments were approved by shareholders via remote e-voting conducted through the NSDL portal from June 16 to June 18, 2026.

The AGM, held at Royal Industrial Estate in Mumbai, was attended by 21 members and presided over by Managing Director Mr. Dhaval Soni. The meeting complied with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. Shareholders adopted the audited financial statements for the year ended March 31, 2026, and approved related party transactions under Section 188 of the Companies Act, 2013.

Director Appointments

Ms. Chaitali Sunil Oza was regularised and appointed as a Non-Executive Non-Independent Director. She is a B.Com and Inter CA with experience in the finance field. Mr. Umang Pradip Gala was regularised and appointed as a Non-Executive Independent Director. He holds a B.Com degree and has significant experience in finance. Mr. Dhaval Jayant Soni was re-appointed as a Whole Time Director. He is a founding director involved in marketing and daily operations.

Statutory Approvals

Resolutions were passed to exceed loan and investment limits under Section 186 of the Companies Act, 2013, and to authorize borrowing under Section 180(1)(c). Members also approved providing loans, guarantees, or security under Section 185. The appointment of the secretarial auditor, M/s Jay Bhatt & Associates, a practicing CS firm with a peer-reviewed certificate, was confirmed for five years.

Sr. No	Description of Resolution	Nature of Resolution
1	Adopt financial statements for FY26	Ordinary Resolution
2	Re-appoint Pulin Dhaval Soni	Ordinary Resolution
3	Regularise Chaitali Sunil Oza	Ordinary Resolution
4	Exceed loan/investment limits under Section 186	Special Resolution
5	Borrowing under Section 180(1)(c)	Special Resolution
6	Approval under Section 180(1)(a)	Special Resolution
7	Loans/guarantees under Section 185	Special Resolution
8	Related party transactions under Section 188	Special Resolution
9	Re-appoint Dhaval Jayant Soni	Special Resolution
10	Regularise Umang Pradip Gala	Ordinary Resolution
11	Appointment of secretarial auditor	Ordinary Resolution

Voting results will be disclosed within 48 hours at the registered office, on the company website, and intimated to BSE Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-5.70%	-2.15%	-5.63%	-26.50%	-0.47%

Photoquip India Ltd has approved the re-appointment of Dhaval J. Soni as Whole-Time Director and the appointment of Umang Pradip Gala as an Additional Non-Executive Independent Director, subject to shareholder approval at the ensuing Annual General Meeting (AGM). The Board of Directors, in their meeting held on May 28, 2026, also approved the draft notice for the 34th AGM and the Director's Report for the Financial Year 2025-26. These decisions are part of the company's corporate governance updates under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board and Committee Changes

The Board recommended the re-appointment of a Director retiring by rotation and took note of the completion of the second and final consecutive term of Ms. Parvin Jahabux Dumasia as a Non-Executive Independent Director, effective from the conclusion of the upcoming AGM. To align with these changes, the Board approved the reconstitution of various committees. Furthermore, the Board approved the regularization of Chaitali Oza as a Non-Executive and Non-Independent Director.

Director Appointments

The appointments of Dhaval J. Soni and Umang Pradip Gala are effective from May 28, 2026, and are subject to shareholder approval for a term of five consecutive years. Dhaval J. Soni, one of the first Directors of the company, is actively involved in marketing and day-to-day operations. Umang Pradip Gala is a B.com graduate with experience in the finance field.

Name	Reason for Change	Date of Appointment	Term of Appointment
Dhaval Soni	Reappointment as whole-time director	28-05-2026	Up to ensuing AGM, subject to approval, for 5 years
Umang Pradip Gala	Appointment as additional director (Non-executive Independent)	28-05-2026	Up to ensuing AGM, subject to approval, for 5 years

Secretarial Auditor Changes

M/s. HRU & Associates resigned as Secretarial Auditors due to personal reasons, effective from the conclusion of the Board Meeting on May 28, 2026. To fill the vacancy, the Board appointed M/s. Jay Bhatt & Associates as the new Secretarial Auditors for a tenure of five financial years, commencing from FY 2026-2027 to FY 2030-2031. The firm specializes in Corporate Laws, SEBI Compliances, and Secretarial Audits.

AGM Procedures

The Board appointed M/s. Jay Bhatt & Associates, Practicing Company Secretaries, as the Scrutinizer to conduct the e-voting process for the AGM. National Securities Depository Limited (NSDL) was appointed to provide remote e-voting facilities during the upcoming AGM. The meeting also approved the Secretarial Audit Report for the Financial Year 2025-2026.