Chandrima Mercantiles Announces Major Leadership Changes and New Auditor Appointment

1 min read     Updated on 22 Nov 2025, 01:17 PM
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Reviewed by
Radhika SScanX News Team
Overview

Chandrima Mercantiles Limited has announced significant leadership changes. Mr. Chiragkumar Kiranbhai Prajapati will replace Mr. Dinesh Hareshbhai Gohel as Managing Director and CFO, effective November 22, 2025. Mr. Gohel transitions to a Non-Executive Director role. The company has recommended M/s. MAAK Associates as the new statutory auditor for FY 2025-26, pending member approval. These changes come as the company reports robust financial growth, with total assets increasing by 59.08% to ₹113.90 crores and total equity rising by 113.21% to ₹101.70 crores as of March 2025.

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*this image is generated using AI for illustrative purposes only.

Chandrima Mercantiles Limited , a company with a strong financial position, has announced significant changes in its leadership structure and the appointment of a new statutory auditor. These changes come as the company continues to show robust growth in its balance sheet.

Leadership Restructuring

The company has approved the following key changes in its leadership:

Position Outgoing Incoming Effective Date
Managing Director Mr. Dinesh Hareshbhai Gohel Mr. Chiragkumar Kiranbhai Prajapati 22 November, 2025
Chief Financial Officer (CFO) Mr. Dinesh Hareshbhai Gohel Mr. Chiragkumar Kiranbhai Prajapati 22 November, 2025

Mr. Dinesh Hareshbhai Gohel, who previously held the positions of Managing Director and CFO, has transitioned to the role of Non-Executive Director. The company stated that Mr. Gohel's resignation as CFO was due to pre-occupation elsewhere.

New Statutory Auditor

Chandrima Mercantiles has recommended the appointment of M/s. MAAK Associates, Chartered Accountants (FRN: 135024W), as the new statutory auditor for the financial year 2025-26. This appointment is subject to approval by the members in the upcoming Extra-Ordinary General Meeting.

Financial Position

While the leadership changes are significant, it's worth noting that Chandrima Mercantiles Limited has shown substantial growth in its financial position. As of March 2025:

Financial Metric Value (in crores) YoY Change
Total Assets ₹113.90 +59.08%
Total Equity ₹101.70 +113.21%
Current Assets ₹33.80 +279.78%
Investments ₹80.10 +27.75%

The company's strong financial growth provides a solid foundation for the new leadership to build upon.

These changes mark a new chapter for Chandrima Mercantiles Limited. As the company moves forward with its new leadership and auditor, stakeholders will be keen to see how these changes impact the company's future strategies and performance.

Historical Stock Returns for Chandrima Mercantiles

1 Day5 Days1 Month6 Months1 Year5 Years
-1.94%-9.42%+3.59%+275.23%+131.74%+1,793.75%
Chandrima Mercantiles
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Chandrima Mercantiles Strongly Refutes Unauthorized Social Media Claims

1 min read     Updated on 05 Nov 2025, 01:41 AM
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Reviewed by
Jubin VScanX News Team
Overview

Chandrima Mercantiles Limited has issued a strong denial of unauthorized promotional content circulating on social media. The company refuted claims about a Chandrima.io website, user numbers, revenue figures, tech partnerships, and AI technology development. They emphasized that all material information is disseminated only through official stock exchange filings. The company reserves the right to take legal action against those misusing its identity or spreading false information. Investors are urged to rely solely on official exchange filings and audited disclosures for accurate information.

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*this image is generated using AI for illustrative purposes only.

Chandrima Mercantiles Limited has issued a strong clarification denying any association with unauthorized promotional content circulating on social media platforms. The company has categorically refuted several claims made about its alleged activities and technologies.

Key Denials

The company has explicitly denied the following claims:

Claim Company's Response
Launch of Chandrima.io website No such website developed or launched
112.5k active users and $124M revenue False and misleading
Partnerships with major tech companies No such partnerships exist
SEBI registered analyst giving Rs. 100 target price Not associated with any such research report
Development of Chandrima AI for video creation No such technology developed or endorsed
AI systems for visual, background, and voiceover production No involvement in any such systems

Official Statement

In its official communication to the BSE, Chandrima Mercantiles emphasized its commitment to market integrity and regulatory compliance. The company stated that it follows a strict policy of disseminating all material information solely through official filings with the stock exchanges, in full compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Legal Stance

Chandrima Mercantiles has reserved the right to initiate legal proceedings against individuals or entities misusing the company's identity or disseminating false information. The company views such unauthorized use of its name and data as not only misleading to investors but also detrimental to the integrity of the market.

Investor Advisory

The company has urged all investors and market participants to rely only on official exchange filings and audited disclosures. Any communication not issued through the company's investor desk or regulatory channel should be treated as unauthorized and potentially misleading.

Chandrima Mercantiles remains vigilant about protecting its shareholders' interests and maintaining transparency in its communications. The company has stated its commitment to taking all necessary steps, including legal action if required, to prevent the recurrence of such incidents.

Investors are advised to exercise caution and verify information through official channels before making any investment decisions based on social media claims or unauthorized promotional content.

Historical Stock Returns for Chandrima Mercantiles

1 Day5 Days1 Month6 Months1 Year5 Years
-1.94%-9.42%+3.59%+275.23%+131.74%+1,793.75%
Chandrima Mercantiles
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