Yaashvi Jewellers appoints AKSA as new statutory auditor

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Reviewed by
Anirudha BScanX News Team
Key Highlights
  • Yaashvi Jewellers appointed M/s AKSA and Company as statutory auditor
  • M/s ARS and Company resigned after completing its 10-year term
  • The 10th Annual General Meeting is scheduled for September 30, 2026
  • Shareholder approval is required for the new auditor appointment
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Yaashvi Jewellers has appointed M/s AKSA and Company as its new statutory auditor to fill the casual vacancy left by M/s ARS and Company. The Board of Directors approved the change on September 2, 2026, pending shareholder ratification at the upcoming annual general meeting.

The outgoing firm, M/s ARS and Company, tendered its resignation effective September 2, 2026, citing the completion of its maximum permissible tenure under Section 139 of the Companies Act, 2013. The firm had served as statutory auditor since December 13, 2016.

Auditor Transition Details

The board noted the resignation of M/s ARS and Company (FRN: 009406C) based on regulatory tenure limits. The incoming firm, M/s AKSA and Company (FRN: 024925C), was established in 2014 and holds office until the conclusion of the next annual general meeting.

Particular Outgoing Auditor Incoming Auditor
Firm Name M/s ARS and Company M/s AKSA and Company
FRN 009406C 024925C
Reason for Change Completion of 10-year term Casual vacancy fill
Effective Date September 2, 2026 September 2, 2026

Corporate Governance Updates

The board also approved the convening of the company’s 10th Annual General Meeting on September 30, 2026. Directors ratified the Board Report for the financial year ended March 31, 2026, during the session held at the registered office in Jaipur.

What the Numbers Show

The transition highlights strict adherence to regulatory cooling-off periods for listed entities. With M/s ARS and Company completing exactly ten years of service, the appointment of a new firm ensures compliance with SEBI listing obligations regarding auditor rotation.

Historical Stock Returns for Yaashvi Jewellers

1 Day5 Days1 Month6 Months1 Year5 Years
-1.28%-8.22%+11.43%0.0%0.0%0.0%

How might the transition from M/s ARS to M/s AKSA impact the audit timeline for Yaashvi Jewellers' upcoming financial reporting cycles?

Are there any pending qualifications or observations from M/s ARS in their final resignation letter that could signal underlying financial risks?

What is the expected timeline for shareholder ratification at the AGM on September 30, 2026, and are there any dissenting views anticipated?

Yaashvi Jewellers signs 10-year lease for Lalsot jewellery showroom

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Reviewed by
Jubin VScanX News Team
Key Highlights

Yaashvi Jewellers Limited secured a 10-year lease for a 1,650 sq. ft. commercial space in Lalsot, Rajasthan, to operate a new jewellery showroom. The deal involves a monthly rent of ₹80,000 with a 5% annual escalation and a security deposit of ₹1,60,000. The lessor is an unrelated third party, and the expansion aims to bolster the company’s retail presence without material adverse impact on current operations.

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Yaashvi Jewellers has expanded its retail footprint by executing a lease deed for a jewellery showroom in Lalsot, District Dausa, Rajasthan. The transaction, disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marks a step in the company’s operational growth strategy.

The lease agreement was registered with the Sub-Registrar office in Lalsot. The premises, located on the upper ground floor of Shri Ram Colony on Gangapur Road, admeasures approximately 1,650 sq. ft. (153.41 sq. m.). The company intends to use the space exclusively for operating a retail jewellery showroom.

Lease Terms and Financials

The agreement is structured as a long-term commitment to secure stable retail operations in the region. Key terms of the lease include:

Particulars Details
Tenure 10 years (till June 30, 2036)
Monthly Rent ₹80,000 + applicable GST
Rent Escalation 5% every 12 months
Security Deposit ₹1,60,000 (refundable)
Effective Date October 1, 2026

The lessor is Shri Atul Bohara S/o Shri Ram Lal Sharma, resident of Jaipur. The company confirmed that the counterparty is not a related party, and the transaction does not constitute a related-party deal.

Operational Impact

Management stated that the establishment of the Lalsot showroom is expected to support the company’s retail operations and business expansion. The disclosure noted no material adverse effect on the company’s operations arising from this lease.

Ankit Aggarwal, Whole-time Director of Yaashvi Jewellers Limited, signed the disclosure on August 17, 2026.

Historical Stock Returns for Yaashvi Jewellers

1 Day5 Days1 Month6 Months1 Year5 Years
-1.28%-8.22%+11.43%0.0%0.0%0.0%

How does the expansion into Lalsot fit into Yaashvi Jewellers' broader geographic strategy for penetrating Tier-2 and Tier-3 cities in Rajasthan?

What is the projected revenue contribution from this new showroom in its first three years of operation starting October 2026?

Are there plans to lease additional properties in the Dausa district or neighboring regions to capitalize on the established presence in Lalsot?

More News on Yaashvi Jewellers

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