Vashu Bhagnani Industries Limited has appointed M/s Rahul Pramod & Co, Chartered Accountants, as its new statutory auditor. The appointment was approved by shareholders during the company's Thirty-ninth Annual General Meeting held on September 26, 2026.

The firm will serve for a term of five consecutive financial years, commencing from FY27 through FY31. This decision follows the recommendation of the Board of Directors and was disclosed to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor profile and tenure

M/s Rahul Pramod & Co brings four decades of professional experience to the role. Established in 1986, the firm specializes in taxation, auditing, assurance, advisory, and compliance services. It is registered with the Institute of Chartered Accountants of India under FRN 100149W.

The appointment marks a change in the company's external audit leadership, effective from the start of the FY27 fiscal year. The disclosure confirms that there is no relationship between the directors of Vashu Bhagnani Industries and the newly appointed audit firm.

Key appointment details

The company, formerly known as Pooja Entertainment and Films Limited, operates in the entertainment and film production sector. The shift to a new auditor is a standard governance procedure mandated by Indian corporate laws, which limit the tenure of statutory auditors to ensure independence.

Vashu Bhagnani Industries shareholders approved all nine resolutions at its 39th Annual General Meeting, including the adoption of FY26 audited financial statements with 99.99% assent on a share basis.

The meeting was conducted via Video Conference and other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars. The Chairman briefed members on the company's performance during FY26, highlighting the development of the "Pooja Luminaire" project and diversification initiatives. The Board did not recommend a dividend for the period.

Key resolutions passed

The shareholders voted on several ordinary and special businesses, including director re-appointments and auditor engagements. The scrutinizer report, submitted by CS Balkrishan Pradhan of B.K. Pradhan & Associates, confirmed the results on September 26, 2026.

Voting details and invalid votes

A total of 266 members cast votes through remote e-voting, representing 46,069,941 shares. No votes were cast during the live AGM session via e-voting.

For Resolutions 2, 5, 6, 7, 8, and 9, which involved related party transactions or director re-appointment, 41,098,633 shares were treated as invalid. This exclusion was mandated because these shares belonged to promoters who were interested parties in the respective resolutions. Consequently, the net valid vote count for these items was reduced to 4,971,308 shares.

In contrast, Resolutions 1, 3, and 4 (financial statements and auditor appointments) had no invalid votes, with all 46,069,941 shares counted as valid. Despite the significant reduction in the denominator for related party approvals, the percentage of assent remained high at 99.99% across all resolutions, indicating strong support from non-promoter minority shareholders.

Meeting participation and attendance

The company disclosed that 3,358 shareholders were on record as of September 19, 2026. No shareholders attended the meeting in person or through proxy. Participation was entirely digital, with 2 promoters and 21 public shareholders attending via video conferencing.

Related party transactions

A significant portion of the agenda involved approving material related party transactions. The company sought shareholder approval for transactions with Puja Entertainment (India) Limited, Pooja Entertainment Limited, Jjust Music Label Private Limited, M/s Pooja Leisure and Lifestyle, and JVB Emerge Private Limited.

The Chairman noted that Mr. Balkrishan Pradhan served as the scrutinizer for the electronic voting process. The results were declared by Shweta Ramesh Soni, Company Secretary, following the receipt of the scrutinizer's report.