The Board of Directors of popular estate management convened on August 12, 2026, to approve key corporate governance matters ahead of its upcoming Annual General Meeting (AGM). The meeting, held at the company’s registered office in Ahmedabad from 02:00 p.m. to 03:00 p.m., resulted in the approval of the notice for the 32nd AGM, which is scheduled to be held on Monday, September 7, 2026, at 02:30 p.m. via Video Conference or Other Audio-Visual Means. The Board also approved the re-appointment of Het Patel as a director, subject to shareholder approval, and finalized the appointment of a new secretarial auditor.

AGM Details and Shareholder Eligibility

The company has fixed August 31, 2026, as the cutoff date to identify shareholders eligible to vote in the meeting. To facilitate the process, the Register of Members and Share Transfer Books will remain closed from September 1, 2026, to September 7, 2026, inclusive. M/s. Krishna Patel & Co., Practicing Company Secretaries, has been appointed as the Scrutinizer for the 32nd AGM.

Director Re-Appointment

The Board approved the re-appointment of Het Patel as a director, who is liable to retire by rotation. This appointment is subject to the approval of shareholders at the AGM. As per Regulation 30 of the SEBI (LODR) Regulations, 2015, and SEBI circular CIR/CFD/CM/4/2015 dated September 9, 2015, the company confirmed that Mr. Patel is not debarred from holding the office of director by any regulatory authority.

Het Patel, aged 31, holds a Master’s degree in International Business and a Bachelor’s degree in Business Administration. He has expertise in real estate and sales and was first appointed to the Board on July 29, 2021. During FY25-26, he attended 15 board meetings. His proposed remuneration includes fees for attending board or committee meetings, reimbursement of expenses, and profit-related commission within the limits stipulated under Section 197 of the Companies Act, 2013. He is the cousin brother of Vikram C. Patel, the Promoter, Director, Manager, and CFO of the company, and the nephew of Saritaben N. Patel.

Change in Secretarial Auditor

The Board took note of the resignation of Sejal Shah & Associates as secretarial auditors, effective August 13, 2026. Consequently, it approved the appointment of M/s. Krishna Patel & Co., Company Secretaries, based in Ahmedabad, as the new secretarial auditors. Their remuneration will be fixed subject to shareholder approval at the AGM. The appointment date for the new auditors is set for September 7, 2026.

Other Approvals

The Board also approved the Director’s Report and the Secretarial Audit Report for FY25-26. It took note of the Corporate Governance Compliance Certificate and the Certificate of Non-Disqualification of Directors for the year ended March 31, 2026, both issued by Sejal Shah & Associates. Additionally, the Board noted the Certificate of Compliance with the Code of Conduct for Directors and Senior Management Personnel issued by Vikram Patel, Director and CFO, as per Regulation 17(8) Part B of the SEBI (LODR) Regulations, 2015. Related party transactions were also approved, pending shareholder consent.

Popular Estate Management has appointed Alpesh J. Shah as its Internal Auditor for the fiscal year 2027, effective July 27, 2026. The Board of Directors approved the appointment during a meeting held at the company’s registered office in Ahmedabad, aiming to strengthen the firm’s internal control framework and ensure robust regulatory compliance for the upcoming financial year.

The decision was taken pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with SEBI Circular SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023. The Board meeting commenced at 2:00 p.m. and concluded at 2:30 p.m. on July 27, 2026. Director Vikram Chhaganlal Patel signed the disclosure submitted to BSE Limited.

Appointment Details

The appointment replaces the previous internal audit arrangement, marking a fresh start for the fiscal year 2027-28 (referred to as FY26-27 in the filing). There is no disclosed relationship between Mr. Shah and the existing directors, ensuring independent oversight.

Candidate Profile

Alpesh J. Shah brings more than 35 years of extensive experience to the role. His expertise spans internal audit procedures, regulatory compliance, financial reporting, and taxation. This background aligns with the company’s need for rigorous financial oversight and adherence to listing norms.

What the Numbers Show

While this appointment does not involve immediate financial metrics, it signals Popular Estate Management’s commitment to governance. The selection of an auditor with three decades of experience suggests a focus on stability and deep regulatory knowledge rather than cost-cutting or junior-level staffing. Investors may view this as a positive step toward enhancing transparency in financial reporting.