Vivid Mercantile holds 32nd AGM, appoints new statutory auditors
- Vivid Mercantile Limited held its 32nd AGM on September 26, 2026, via VC/OAVM
- Shareholders adopted audited financial statements and re-appointed Dhaval Satishkumar Gajjar
- M/s. P H Shah and Co. appointed as new Statutory Auditors
- M/s. Madhav Upadhyay and Associates appointed as Secretarial Auditors
- 37 out of 6,048 members participated in the virtual meeting
*this image is generated using AI for illustrative purposes only.
Vivid Mercantile Limited held its 32nd Annual General Meeting on September 26, 2026, through Video Conferencing. The meeting concluded with the adoption of audited financial statements and the appointment of new statutory and secretarial auditors.
The meeting commenced at 4:00 pm and concluded at 4:27 pm. Out of 6,048 members on the cut-off date of September 21, 2026, 37 members attended the virtual session. The proceedings were conducted in compliance with SEBI Listing Regulations, utilizing remote e-voting facilities for shareholders unable to attend live.
Resolutions Passed
Shareholders voted on four key ordinary resolutions during the meeting. The agenda focused on corporate governance updates and auditor appointments.
| Resolution | Type | Details |
|---|---|---|
| Adoption of Financial Statements | Ordinary | Audited financial statements approved |
| Director Re-appointment | Ordinary | Dhaval Satishkumar Gajjar retiring by rotation |
| Statutory Auditor Appointment | Ordinary | M/s. P H Shah and Co., Chartered Accountants |
| Secretarial Auditor Appointment | Ordinary | M/s. Madhav Upadhyay and Associates |
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, Dhaval Satishkumar Gajjar, Ayush Manishbhai Shah, and Jaymin Rakeshkumar Shah as Non-Executive Directors. 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 will be submitted to the stock exchange within two working days.
Historical Stock Returns for Vivid Mercantile
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.34% | -4.38% | -6.12% | -26.04% | +0.35% | +115.15% |
How will the change in statutory auditors to M/s. P H Shah and Co. potentially impact the company's future financial reporting standards and transparency?
What strategic initiatives or operational changes are expected from the re-appointment of Dhaval Satishkumar Gajjar as a director?
How might the low shareholder attendance rate of approximately 0.6% influence future corporate governance reforms or investor engagement strategies at Vivid Mercantile?
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