U. H. Zaveri holds 9th AGM, appoints new auditors
- U. H. Zaveri Limited held its 9th AGM on September 28, 2026, via Video Conferencing
- Shareholders approved the appointment of M/s. P H Shah and Co. as new statutory auditors
- M/s. SS Lunkad and Associates appointed as new secretarial auditors following resignations
- No qualifications or adverse remarks in the FY26 statutory and secretarial audit reports
*this image is generated using AI for illustrative purposes only.
U. H. Zaveri Limited concluded its 9th Annual General Meeting on September 28, 2026, through Video Conferencing. The meeting focused on the adoption of financial statements and significant changes in the company's audit framework.
The proceedings commenced at 1:00 pm and concluded at 1:09 pm. A total of 33 members attended the virtual meeting out of 8,349 shareholders recorded on the cut-off date of September 22, 2026. Managing Director Hitesh Mahendrakumar Shah conducted the meeting on behalf of Chairperson Ankur Sumatilal Shah.
Auditor appointments approved
A central theme of the AGM was the replacement of the company's external auditors. The Company Secretary informed members that M/s. Shah Karia & Associates (Statutory Auditors) and M/s. Neelam Somani & Associates (Secretarial Auditors) had resigned after the close of FY26. Consequently, shareholders voted to appoint new firms to ensure continued compliance and oversight.
| Resolution | Type | Details |
|---|---|---|
| Adoption of Financial Statements | Ordinary | For FY26 |
| Re-appointment of Director | Ordinary | Mrs. Sunitaben Hiteshkumar Shah |
| New Statutory Auditor | Ordinary | M/s. P H Shah and Co. |
| New Secretarial Auditor | Ordinary | M/s. SS Lunkad and Associates |
Voting and compliance details
Remote e-voting was conducted from September 24, 2026, to September 27, 2026. Members who did not vote remotely were given a 15-minute window to cast their votes during the live session. The scrutinizer for the process was M/s. SS Lunkad and Associates, who also serve as the newly appointed secretarial auditors.
The Statutory Auditors' Report and Secretarial Audit Report for FY26 did not contain any qualifications, reservations, adverse remarks, or disclaimers. This clean audit opinion supports the smooth transition to the new audit firms.
Historical Stock Returns for UH Zaveri
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.76% | -21.27% | -29.47% | -49.24% | -42.93% | 0.0% |
What specific strategic or operational factors drove the simultaneous resignation of both the statutory and secretarial auditors at U. H. Zaveri Limited?
How might the transition to new audit firms, P H Shah and Co. and SS Lunkad and Associates, influence the company's internal control reporting in FY27?
Given that the scrutinizer also serves as the newly appointed secretarial auditor, how will the company address potential conflicts of interest in future governance protocols?
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