RKD Agri & Retail approves FY26 accounts, appoints VPH & Associates
- Shareholders approved FY26 audited financial statements with 100% valid vote support
- VPH & Associates LLP appointed as statutory auditor to fill casual vacancy
- Niles Savla reappointed as director; promoter votes excluded as invalid due to related-party status
- AGM held on September 29, 2026, with e-voting and polling paper results consolidated
*this image is generated using AI for illustrative purposes only.
RKD Agri & Retail Limited shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, during its 40th Annual General Meeting held on September 29, 2026. The meeting also ratified the reappointment of director Niles Savla and appointed a new statutory auditor to replace M/s. MNT and Associates LLP.
The AGM, conducted at the company's registered office in Mumbai, saw members adopt the Balance Sheet and Statement of Profit and Loss for FY26 alongside the Board of Directors' and Auditors' reports. Voting was facilitated through an e-voting facility and polling papers, with CS Payal Tachak appointed as the scrutinizer to consolidate results from both methods.
Governance and Auditor Changes
The resolution for the appointment of Niles Savla (DIN: 05354691) was passed as ordinary business. Savla, who retired by rotation, was deemed eligible and offered himself for reappointment.
A significant administrative change involved the appointment of VPH & Associates LLP (Firm Registration No. 126573W/W100703) as the new Statutory Auditors. This appointment fills the casual vacancy caused by the resignation of the previous auditor, M/s. MNT and Associates LLP (Firm Registration No. 124913W).
Auditor Tenure and Remuneration
VPH & Associates LLP will hold office from the conclusion of this AGM until the end of the 45th Annual General Meeting. The remuneration for the new auditors is to be mutually agreed upon between the Board of Directors and the firm, with the Board authorized to finalize these terms.
Voting Results Breakdown
The consolidated scrutinizer's report detailed the voting outcomes for each resolution, distinguishing between promoter group votes and public shareholder votes. Notably, votes cast by the Promoter and Promoter Group were marked as invalid for the director reappointment resolution due to related-party status.
| Resolution | Total Valid Votes | Favorable (%) | Against (%) | Invalid Votes |
|---|---|---|---|---|
| Adoption of FY26 Accounts | 17,487,861 | 100.00% | 0.00% | 0 |
| Reappointment of Niles Savla | 751,351 | 99.85% | 0.15% | 16,736,510 |
| Appointment of Statutory Auditor | 17,486,761 | 99.99% | 0.01% | 0 |
For the adoption of financial statements, both Promoter Group (16,736,510 votes) and Public shareholders (751,351 votes) voted in favor, resulting in a unanimous 100% approval rate among valid votes. The reappointment of Niles Savla saw 99.85% favorable votes from public shareholders, while all promoter group votes were excluded as invalid under related-party norms. The appointment of the new auditor secured 99.99% favorable votes across valid ballots.
Historical Stock Returns for RKD Agri & Retail
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +8.46% | +19.49% | +36.56% | 0.0% | 0.0% |
How might the change in statutory auditors to VPH & Associates LLP influence RKD Agri & Retail's future financial reporting transparency and compliance standards?
What are the potential implications of the high volume of invalid votes from the promoter group on the company's corporate governance perception among institutional investors?
Will the newly appointed auditor, VPH & Associates LLP, introduce any changes to the audit scope or risk assessment methodology for the upcoming fiscal year?
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