Shoora Designs Ltd announced a series of key auditor appointments at its Board of Directors meeting held on August 01, 2026. Acting upon recommendations of the Audit Committee, the Board approved the appointment of three firms to fill statutory, internal, and secretarial audit roles, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 05:30 P.M. and concluded at 06:15 P.M.

Statutory Auditor Appointment

M/s. TGB And Associates, Chartered Accountants, has been appointed as Statutory Auditor of the Company to fill the casual vacancy caused by the resignation of M/s. Piyush Kothari & Associates, Chartered Accountant. The appointment is subject to shareholder approval. Key details of the newly appointed Statutory Auditor are outlined below:

TGB & Associates is a Peer Reviewed Partnership Firm of Chartered Accountants operating in Surat, Gujarat since 2015. The firm offers a comprehensive range of taxation, audit, and accounting services to its clients.

Internal Auditor Appointment

The Board also approved the appointment of M/s. Keyur Shah & Associates, Practicing Chartered Accountant, as Internal Auditor of the Company for FY 2026-27, effective August 01, 2026. The firm's profile is detailed below:

M/s. Keyur Shah & Associates is a Chartered Accountants firm with more than 4 years of experience in statutory audits of various listed companies, internal audit, income tax return filing, GST return filing, and related practice areas.

Secretarial Auditor Appointment

The Board further approved the appointment of M/s. SSN & Associates, Practicing Company Secretary, as Secretarial Auditor of the Company for FY 2026-27, subject to approval of the Members at the ensuing Annual General Meeting. The firm is led by Proprietor CS Shweta Sunil Nagpal. Key details are as follows:

CS Shweta Sunil Nagpal is a Practicing Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI), with more than 7 years of qualification and more than 5 years of practice experience in Company Law, Securities Law, and SEBI-related matters. SSN & Associates is a peer-reviewed firm and is eligible to be appointed as Secretarial Auditor of the Company, and is not disqualified under the SEBI Listing Regulations in accordance with the SEBI Circular dated December 31, 2024.

Compliance and Disclosure

All three appointments were made upon the recommendation of the Audit Committee and are in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 on disclosure of material events and information by listed entities, dated November 11, 2024. The disclosures were filed by Priti Mohata, Company Secretary & Compliance Officer of Shoora Designs Limited, from Surat.

Craft Emerging Market Fund PCC has submitted a revised disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, to the Bombay Stock Exchange (BSE). The filing provides critical clarification regarding the timing and nature of the fund's acquisition of shares in shoora designs , correcting an omission in a previous submission dated June 5, 2026. This update ensures transparency for investors and regulators concerning the specific date when the fund crossed the threshold requiring disclosure.

The revised document confirms that Craft Emerging Market Fund PCC – Citadel Capital Fund and Craft Emerging Market Fund PCC – Elite Capital Fund, acting as Persons Acting in Concert (PAC), acquired 460,000 equity shares through allotment. The specific date of acquisition is recorded as January 31, 2025. Prior to this transaction, the acquirers held nil shares in the target company. Following the acquisition, their total holding stands at 460,000 shares, representing 9.94% of the total share/voting capital and 9.94% of the total diluted share/voting capital of Shoora Designs Limited.

The filing explicitly states that the acquirers do not belong to the promoter or promoter group of the target company. The mode of acquisition was identified as allotment, rather than open market purchase or preferential allotment. There were no warrants, convertible securities, or other instruments entitling the acquirer to receive shares carrying voting rights involved in this transaction. Furthermore, there are no encumbrances such as pledges or liens on these shares.

Acquisition Details

The total voting capital of Shoora Designs Limited remains unchanged at 4,623,662 shares both before and after the acquisition. The equity share capital also stands at 460,000 / 4,623,662, indicating no change in the overall capital structure due to this specific block acquisition. The total diluted share/voting capital is similarly reported as 460,000 / 4,623,662.

This revision was signed by Ashwanee Ramsurrun on behalf of Craft Emerging Market Fund PCC, located at The Gardens, Ground Floor, Bagatelle Office Park, Bagatelle, Moka 80832, Mauritius. The submission underscores the importance of accurate date reporting in SAST filings, which are crucial for monitoring substantial shareholding changes in listed entities. The initial filing on June 5, 2026, lacked the specific acquisition date, necessitating this corrective measure to comply with SEBI regulations.

Regulatory Compliance

The disclosure adheres to Clause 35 of the Listing Agreement, which mandates timely and accurate reporting of substantial acquisitions. By specifying the acquisition date as January 31, 2025, the filing aligns the regulatory record with the actual transaction timeline. Investors monitoring the shareholder structure of Shoora Designs Limited can now accurately track the entry of Craft Emerging Market Fund PCC into the company's cap table. The absence of any encumbrances or convertible instruments simplifies the interpretation of the fund's current stake, reflecting a straightforward equity position.