Vaarad Ventures adopts FY26 results, appoints new auditors at AGM
- Adopted audited standalone and consolidated financial statements for FY26
- Appointed M/s. R. R. Tibrewala & Co. as Statutory Auditors for five years
- Regularized Mahendra Sanghavi as Independent Director for five consecutive years
- Appointed M/s. Sanil Dhayalkar & Co. as Secretarial Auditors for FY27-FY31
*this image is generated using AI for illustrative purposes only.
Vaarad Ventures Limited held its 32nd Annual General Meeting on September 30, 2026, where shareholders adopted the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
The meeting, presided over by Chairperson Leena Vikram Doshi, was conducted at the company's registered office in Mumbai. The Board of Directors' report and the Auditors' Reports on the financial statements were taken as read with shareholder consent.
Key resolutions approved
Shareholders passed several ordinary resolutions concerning governance and statutory appointments. The re-appointment of Leena Vikram Doshi as a director was approved, acknowledging her eligibility following retirement by rotation.
A significant change in audit leadership was ratified. M/s. R. R. Tibrewala & Co., Chartered Accountants, were appointed to fill the casual vacancy caused by the resignation of the previous statutory auditors, M/s. J. D. Jhaveri & Associates. This appointment covers the period until the conclusion of the current AGM.
Furthermore, M/s. R. R. Tibrewala & Co. were appointed as Statutory Auditors for a term of five consecutive years, from the conclusion of this AGM until the conclusion of the 37th Annual General Meeting.
Governance and secretarial updates
The company also regularized the position of Mahendra Sanghavi, appointing him as an Independent Director for a term of five consecutive years. Additionally, M/s. Sanil Dhayalkar & Co., Company Secretaries, were appointed as Secretarial Auditors for the financial years 2026-27 through 2030-31.
Remote e-voting facilities were provided to members from September 27 to September 29, 2026. The voting process was scrutinized by M/s. Sanil Dhayalkar & Co. to ensure transparency. The meeting concluded at 10:00 am after addressing member queries.
Historical Stock Returns for Vaarad Ventures
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.90% | +4.54% | -6.94% | +5.03% | -4.16% | -62.00% |
What specific reasons were cited for the resignation of the previous statutory auditors, M/s. J. D. Jhaveri & Associates, and did it involve any disagreements on accounting policies?
How might the appointment of a new five-year audit term with R. R. Tibrewala & Co. influence Vaarad Ventures' future financial reporting standards and investor confidence?
In what ways will the addition of Mahendra Sanghavi as an Independent Director impact the company's strategic decision-making and corporate governance framework?
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