Adeshwar Meditex Mourns the Loss of Independent Director Benegal Parameshwara Udpa

Adeshwar Meditex Limited, a prominent medical devices manufacturer, has announced the passing of Mr. Benegal Parameshwara Udpa, a Non-Executive Independent Director of the company. The sad news was conveyed through a corporate announcement filed under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Key Details

Information	Details
Name of Director	Mr. Benegal Parameshwara Udpa
Position	Non-Executive Independent Director
Date of Demise	October 22, 2025
Tenure Start Date	June 30, 2023

Impact and Contributions

Mr. Udpa's sudden demise has been described as an irreparable loss to Adeshwar Meditex Limited. During his tenure, which began on June 30, 2023, Mr. Udpa made significant contributions to the company:

Actively participated in various committee and board meetings
Provided valuable guidance and vision
Demonstrated hard work and dedication throughout his tenure

The company acknowledged that it had immensely benefited from Mr. Udpa's vision and active involvement in its operations.

Company's Response

The Board of Directors of Adeshwar Meditex Limited expressed their deep appreciation for Mr. Udpa's contributions:

Proud of his hard work and dedication
Inspired by his legacy
Stated that his contribution and guidance will always be remembered

The board and employees of the company have conveyed their deep sympathy, sorrow, and condolences to Mr. Udpa's family.

This announcement underscores the significant role that independent directors play in the governance and strategic direction of publicly listed companies. The loss of such an experienced board member may require Adeshwar Meditex to seek a suitable replacement to maintain the required composition of its board of directors.

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Adeshwar Meditex Limited has announced a significant change in its auditing structure. The company's Board of Directors has approved the appointment of a new statutory auditor, M/s. Rajesh H. Gupta & Co., following the resignation of the previous auditor, M/s. J N Gupta & Co. LLP.

Key Details of the Appointment

Aspect	Details
New Auditor	M/s. Rajesh H. Gupta & Co. (Firm Registration No. 133884W)
Appointment Date	October 24, 2025
Term	Until the conclusion of the next Annual General Meeting (AGM)
Reason for Change	To fill the casual vacancy caused by the resignation of previous auditor
Shareholder Approval	Required in the ensuing general meeting

About the New Auditor

M/s. Rajesh H. Gupta & Co. is described as a professionally managed firm with extensive experience in providing various financial services. Their areas of expertise include:

Statutory and Internal Audits
Direct and Indirect Taxation
Compliance and Regulatory Advisory
Financial and Management Consultancy
Certification and Due Diligence Assignments

The firm is known for maintaining high standards of integrity, independence, and professional ethics while delivering value-driven solutions to clients across diverse sectors.

Board Meeting Details

The decision was made during a Board of Directors meeting held on October 24, 2025. The meeting commenced at 05:30 P.M. (IST) and concluded at 06:00 P.M (IST), and involved the Audit Committee's recommendations.

Regulatory Compliance

This change in statutory auditor complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Adeshwar Meditex has duly informed the BSE Limited of this development, adhering to the necessary disclosure requirements.

The appointment of M/s. Rajesh H. Gupta & Co. as the new statutory auditor marks a significant corporate action for Adeshwar Meditex Limited. Shareholders will be required to approve this appointment in the upcoming general meeting.