DAPS Advertising announced today that Mrs. Vinny Saxena has resigned from her position as Company Secretary and Compliance Officer, effective August 16, 2025. The resignation comes as Saxena pursues new career opportunities elsewhere.

Resignation Details

According to the regulatory filing submitted to the BSE Limited, Saxena's resignation will take effect from the closing business hours of Saturday, August 16, 2025. The company has accepted her resignation and will formally note it in the upcoming board meeting.

Regulatory Compliance

In adherence to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, DAPS Advertising promptly informed the BSE about this development. The company also submitted the required regulatory disclosures, including Saxena's resignation letter and the necessary details as mandated by SEBI.

Company's Response

Dharmesh Chaturvedi, the Managing Director of DAPS Advertising, acknowledged the resignation in the official communication to the BSE. The company expressed its appreciation for Saxena's contributions during her tenure.

Next Steps

While the company has not yet announced a successor, it is expected that DAPS Advertising will begin the process of identifying a new Company Secretary and Compliance Officer to ensure a smooth transition and continued regulatory compliance.

This change in key managerial personnel comes at a time when companies are increasingly focusing on strong corporate governance practices. The role of Company Secretary and Compliance Officer is crucial in ensuring that a listed entity adheres to various regulatory requirements and maintains transparency in its operations.

Investors and stakeholders of DAPS Advertising will likely be watching closely to see how the company manages this transition in its key compliance position.

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:

1. Ms. Prachi Mishra has resigned from her position as Independent Director.
2. Ms. Neha Rastogi has been appointed as an Additional Director (Non-Executive & Independent), subject to shareholder approval at the AGM.
3. 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.