Vivid Mercantile Limited has appointed M/s Madhav Upadhyay and Associates as its secretarial auditor for a term of five consecutive financial years, spanning from FY27 to FY31. The appointment was approved by the company's members on September 26, 2026.

The move follows a recommendation by the Board of Directors and complies with the provisions of the Companies Act, 2013. The appointment is disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment details

The secretarial audit engagement covers the period from April 1, 2026, to March 31, 2031. M/s Madhav Upadhyay and Associates brings experience in statutory compliances under SEBI regulations, stock exchange listing agreements, FEMA, and company law.

The firm's profile highlights post-qualification experience in secretarial and legal matters across various companies, with specific exposure to regulatory frameworks governing listed entities.

Vivid Mercantile Limited has disclosed the voting results of its 32nd Annual General Meeting, held on September 26, 2026. All four ordinary resolutions proposed were passed with 100% votes in favour and zero against.

The meeting was conducted through Video Conferencing from 4:00 pm to 4:27 pm. Out of 6,048 members on the record date of September 21, 2026, 37 members attended the virtual session. The proceedings complied with SEBI Listing Regulations, utilizing remote e-voting facilities for shareholders unable to attend live.

Voting Results Breakdown

The consolidated scrutinizer’s report confirms that all resolutions received unanimous support from the polled votes. The total number of valid votes cast across all categories was 59,161,428, representing approximately 59.01% of the company's outstanding shares.

Participation Details

Voter participation varied significantly between promoter and public shareholders. Promoters and the promoter group, holding 10,773,860 shares, voted 10,771,500 shares via remote e-voting, achieving a turnout of 99.98%. Public non-institutional shareholders, holding 89,482,540 shares, voted 48,389,928 shares, resulting in a turnout of 54.08%. No public institutional shareholders participated in the voting.

Resolutions Passed

Shareholders approved four key ordinary resolutions focused on corporate governance and auditor appointments:

• Adoption of Financial Statements: Audited standalone financial statements for FY26 were approved.
• Director Re-appointment: Dhaval Satishkumar Gajjar (DIN: 07772542) was re-appointed as he retired by rotation and offered himself for re-election.
• Statutory Auditor Appointment: M/s. P H Shah and Co., Chartered Accountants (FRN: 0115464W) were appointed as statutory auditors for a term of five consecutive financial years, commencing from FY26 to FY31.
• Secretarial Auditor Appointment: M/s. Madhav Upadhyay and Associates were appointed as secretarial auditors for a term of five years.

Meeting Proceedings

The Board of Directors present included Umeshbhai Rasiklal Gor as Chairperson, Satishkumar Ramanlal Gajjar as Managing Director and CFO, Geetaben Satishbhai Gajjar as Whole-Time Director, along with Non-Executive Directors Dhaval Satishkumar Gajjar, Ayush Manishbhai Shah, and Jaymin Rakeshkumar Shah. Priti Jain served as the Company Secretary and Compliance Officer.

The Company Secretary confirmed that both the Statutory Auditor and Secretarial Auditor reports contained no qualifications, reservations, adverse remarks, or disclaimers. Remote e-voting was conducted from September 23, 2026, to September 25, 2026. M/s. Madhav Upadhyay and Associates were appointed as the scrutinizer to ensure a fair voting process. Results have been submitted to the stock exchange.