DAPS Advertising Announces Major Board Decisions: New Auditors, Directors, and AGM Date

1 min read Updated on 30 Jul 2025, 01:43 PM

By ScanX News Team

Overview

DAPS Advertising Limited has made several key decisions in its recent board meeting. The company plans to appoint M/s B.M. Chaturvedi & Co. as Statutory Auditor and M/s HKS & Associates LLP as Secretarial Auditor, both for five-year terms. Board composition changes include the resignation of Ms. Prachi Mishra, appointment of Ms. Neha Rastogi as Additional Director, and recommendation for re-appointment of Mr. Kamesh Sethi as Independent Director. The board also approved a recommendation to increase authorized share capital. The 26th AGM is scheduled for August 30, 2025, with August 23, 2025, set as the record date for dividend payment.

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DAPS Advertising Limited has announced a series of significant board decisions following its meeting on July 30, 2025. The company has made key appointments, set important dates, and proposed changes to its share capital structure.

New Auditor Appointments

The Board has recommended the appointment of M/s B.M. Chaturvedi & Co. as the Statutory Auditor for a five-year term, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This appointment follows the completion of the five-year tenure of M/s Kedia Gupta & Associates. B.M. Chaturvedi & Co., established in 1976, brings extensive experience in auditing, taxation, and financial consultancy.

Additionally, M/s HKS & Associates LLP has been proposed as the Secretarial Auditor for a five-year term, also pending shareholder approval. HKS & Associates LLP, founded in 2015, has a strong background in corporate law and governance.

Board Composition Changes

The company announced several changes to its board composition:

Ms. Prachi Mishra has resigned from her position as Independent Director.
Ms. Neha Rastogi has been appointed as an Additional Director (Non-Executive & Independent), subject to shareholder approval at the AGM.
The Board has recommended the re-appointment of Mr. Kamesh Sethi as an Independent Director for a second five-year term.

Increase in Authorized Share Capital

The Board has approved a recommendation to increase the company's authorized share capital and amend the capital clause of its Memorandum of Association. This change will require shareholder approval at the upcoming AGM.

Annual General Meeting and Dividend

DAPS Advertising has scheduled its 26th Annual General Meeting for August 30, 2025. The company has set August 23, 2025, as the record date for dividend payment, which was previously recommended by the Board on May 22, 2025.

Corporate Governance Assurance

The company has confirmed that neither Ms. Neha Rastogi nor Mr. Kamesh Sethi is debarred from holding directorship positions by any SEBI order or other authority. Furthermore, they have no relationships with other Directors or Key Managerial Personnel of the company.

These decisions reflect DAPS Advertising's commitment to maintaining strong corporate governance practices and adapting to evolving business needs. Shareholders will have the opportunity to vote on these significant changes at the upcoming AGM.

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