Swastika Castal shareholders approve registered office shift to Gujarat
- Shareholders approved shifting registered office from West Bengal to Gujarat
- Audited financial statements for FY26 were adopted by members
- Director Varsha Sharda was re-appointed at the 30th AGM
- Secretarial auditor appointment was passed as an ordinary resolution
*this image is generated using AI for illustrative purposes only.
Swastika Castal shareholders approved a special resolution to shift the company's registered office from West Bengal to Gujarat at its 30th annual general meeting held on September 18, 2026. The Kolkata-based meeting also saw the adoption of audited financial statements for FY26.
The meeting was chaired by Managing Director and Chairman Varun Sharda. Directors Varsha Sharda and Ashwinbhai Kantilal Shah, along with Company Secretary Mukesh Khanna, were present. The quorum was established, allowing formal proceedings to commence at the Taj Bengal Business Centre.
Key Resolutions Passed
Members voted electronically on all business items. The results will be disseminated to BSE Limited within two working days of the meeting's conclusion.
| Resolution Type | Particulars | Status |
|---|---|---|
| Ordinary | Adoption of audited financial statements for FY26 | Passed |
| Ordinary | Re-appointment of Director Varsha Sharda | Passed |
| Ordinary | Appointment of Secretarial Auditor | Passed |
| Special | Shift registered office from West Bengal to Gujarat | Passed |
Governance and Compliance
Mrs. Janki Brahmabhatt of M/s. Janki & Associates served as the secretarial auditor and scrutinizer. She confirmed that the remote e-voting process was conducted fairly and transparently.
The Chairman noted that there were no qualifications in the Auditors' Report or the Secretarial Audit Report. Consequently, these reports were not read out during the meeting. Statutory registers were available for electronic inspection on the company website until the conclusion of the AGM.
Operational Overview
Varun Sharda provided an overview of the company's performance during FY26 and outlined future prospects. He emphasized that members had the facility to cast votes electronically on all resolutions set forth in the notice. Those present who had not voted remotely were given the opportunity to do so at the venue.
The e-voting facility remained open for 30 minutes after the meeting concluded at 4:00 pm to enable additional participation. The final voting results will be displayed at the registered office and on the company website once declared.
Historical Stock Returns for Swastika Castal
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | -11.59% | +32.46% | +114.81% | +27.67% | +67.17% |
What specific operational or tax advantages is Swastika Castal expecting to gain by relocating its registered office from West Bengal to Gujarat?
How might the shift in registered office impact the company's supply chain logistics and existing customer relationships in Eastern India?
Did management provide any guidance on FY27 revenue targets or margin expectations during the AGM overview of future prospects?
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