Corporate merchant bankers Limited has announced the board's recommendation to appoint a new statutory auditor following a board meeting held on February 6, 2026. The decision addresses a casual vacancy in the auditor position and requires shareholder approval within the stipulated timeframe.

Board Meeting Details

The board of directors convened on February 6, 2026, at the company's corporate office located at 806 Ratnanjali Square, Prernatirth Derasar Road, S A C, Ahmedabad, Gujarat. The meeting commenced at 5:30 P.M. and concluded at 7:15 P.M., during which the directors deliberated on the auditor appointment based on the audit committee's recommendation.

Auditor Appointment Details

The board has recommended M/s. Shweta Jain & Co LLP, Chartered Accountants, for appointment as the company's statutory auditor. The key details of the proposed appointment are:

Reason for Change

The appointment is being made to fill a casual vacancy created by the resignation of the previous statutory auditor, M/s. J Singh & Associates. This change ensures continuity in the company's audit processes and compliance with regulatory requirements.

Firm Profile

Shweta Jain & Co LLP, formerly known as Shweta Jain & Co., is an established chartered accountancy firm that began operations in January 2006. The firm describes itself as combining professionalism with a personal touch, fostering strong client relationships and consistent growth. The organization comprises dynamic experts knowledgeable in business cycles, risks, and economics, with a focus on delivering high-quality, personalized services while maintaining high trust and integrity.

Regulatory Compliance and Next Steps

The recommendation has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment is subject to approval by the company's members in a general meeting, which must be held within three months from the date of the board's recommendation. The company has informed both BSE Limited and Metropolitan Stock Exchange of India Limited about this development as part of its disclosure obligations.

Corporate Merchant Bankers Limited Secures BSE Approval

Corporate Merchant Bankers Limited has received an important regulatory green light. The company announced that it has obtained in-principle approval from the Bombay Stock Exchange (BSE) for the issuance of equity shares.

Key Points:

• The approval is for the issuance of equity shares
• The in-principle approval comes from the Bombay Stock Exchange (BSE)
• This development is a significant step in the company's capital raising process

Implications:

This approval from the BSE is a crucial step for Corporate Merchant Bankers Limited. It paves the way for the company to proceed with its equity issuance plans, which could have important implications for its capital structure and future growth strategies.

Next Steps:

While the in-principle approval is an important milestone, investors and market watchers will likely be keen to see:

1. The details of the equity issuance, including the number of shares and pricing
2. The intended use of the funds raised
3. Any potential impact on the company's ownership structure

Investors are advised to conduct their own research and consult with financial advisors before making investment decisions based on this news.