Photoquip India Ltd has accepted the mutual termination of its internal auditor, M/s. R. C. Jain & Associates LLP, effective July 20, 2026. The Board of Directors approved the decision during a meeting held on July 21, 2026, at the company's registered office in Mumbai. The internal auditor completed the assignment for the financial year 2025-26 and requested discontinuation of the engagement for the remaining tenure by mutual consent.

The Board noted that the termination is by mutual consent and is not on account of any dispute, disagreement, or deficiency in services rendered by either party. The auditor was originally appointed for the financial years 2025-26 to 2030-31. The cessation applies from the financial year 2026-27 onwards.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Internal Auditor Change

The following table provides the particulars of the change in internal auditor as per Schedule III of SEBI LODR Regulations:

The company confirmed that the letter of resignation from the internal auditor is enclosed with the regulatory filing.

Photoquip India Ltd shareholders approved all 11 resolutions at its 34th Annual General Meeting (AGM) held on June 19, 2026. The meeting, held at Royal Industrial Estate in Mumbai, saw the adoption of audited financial statements for FY26 and the re-appointment of key directors. The voting results were disclosed to BSE Limited on June 22, 2026, confirming that all resolutions secured the requisite majority, with over 99.99% of votes cast in favour.

The company appointed Mr. Jay Bhatt & Associates, Practising Company Secretary, as the scrutiniser for the remote e-voting and e-voting processes conducted during the AGM. Remote e-voting was facilitated via the NSDL portal from June 16 to June 18, 2026. A total of 51 members participated in the voting process, representing 20,70,160 equity shares of ₹10 each. The record date for determining shareholder eligibility was June 12, 2026.

Director Appointments

Shareholders regularised the appointment of Ms. Chaitali Sunil Oza as a Non-Executive Non-Independent Director and Mr. Umang Pradip Gala as a Non-Executive Independent Director. Mr. Pulin Dhaval Soni was re-appointed as a director by rotation, while Mr. Dhaval Jayant Soni was re-appointed as Whole Time Director. These appointments were approved as ordinary and special resolutions respectively.

Statutory Approvals

The AGM approved several special resolutions to enhance corporate flexibility. These included approvals to exceed loan and investment limits under Section 186 of the Companies Act, 2013, and to authorise borrowing under Section 180(1)(c). Members also sanctioned providing loans, guarantees, or security under Section 185 and approved related party transactions under Section 188. Additionally, Mr. Jay Bhatt & Associates was appointed as the secretarial auditor for a five-year term.