Radhe Developers Reshuffles Board Committees Following Director's Exit

Radhe Developers (India) Limited has announced significant changes to its board committees following the resignation of Independent Director Dineshsingh U. Kshatriya. The company has taken swift action to maintain the integrity of its corporate governance structure by reconstituting both its Audit Committee and Nomination & Remuneration Committee.

Board Restructuring

In response to Kshatriya's departure, the Board of Directors has approved the induction of Rahul Mehra as an Independent Director. Mehra will step into the roles previously held by Kshatriya on both the Audit Committee and the Nomination & Remuneration Committee.

Audit Committee Composition

The reconstituted Audit Committee now comprises:

Member	Position
Bharat Pandya	Chairman (Independent Director)
Alok Vaidya	Non-Executive Director
Rahul Mehra	Independent Director

Nomination & Remuneration Committee

The Nomination & Remuneration Committee has been restructured with the following members:

Member	Position
Bharat Pandya	Independent Director
Alok Vaidya	Non-Executive Director
Rahul Mehra	Independent Director

This reorganization ensures that Radhe Developers maintains the required balance of executive and non-executive directors on its key committees, as mandated by corporate governance norms.

The swift action taken by Radhe Developers to fill the vacancy left by Kshatriya's resignation demonstrates the company's commitment to maintaining strong corporate governance practices. The inclusion of Rahul Mehra as an Independent Director is expected to bring fresh perspectives to the board committees.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.55%	-3.54%	-9.05%	-6.83%	-38.59%	+297.92%

Radhe Developers (India) Limited has announced significant changes in its auditing structure and upcoming Annual General Meeting (AGM) proceedings. The company's Board of Directors has taken decisive steps to address the resignation of its previous statutory auditors and modify the notice for its 31st AGM.

New Statutory Auditors Recommended

In a board meeting held on August 11, Radhe Developers' directors accepted the resignation of M/s. Parin Patwari & Co., Chartered Accountants (FRN: 154571W), as the company's statutory auditors. This resignation had been previously communicated to the stock exchange on August 8.

To fill the resulting casual vacancy, the Board, on the recommendation of the Audit Committee, has proposed M/s. S Parth & Co., Chartered Accountants (FRN: 154436W) as the new statutory auditors. This appointment is subject to shareholder approval at the upcoming AGM.

Profile of New Auditors

M/s. S Parth & Co., established in 2020, is a peer-reviewed chartered accountancy firm based in Ahmedabad, India. The firm offers a comprehensive suite of professional services, including:

Audit & Assurance
Company Formation & ROC compliances
Due Diligence
Taxation
Finance
Startup Advisory

The firm serves clients across diverse industries and is known for building lasting client relationships by providing tailored solutions that address unique business challenges.

Terms of Appointment

If approved by the shareholders, M/s. S Parth & Co. will hold office until the conclusion of the upcoming Annual General Meeting. This appointment aims to fill the casual vacancy created by the resignation of the previous auditors.

Modification of AGM Notice

In addition to the auditor change, the Board has decided to modify the notice of the 31st Annual General Meeting. Specific details of the modifications were not disclosed.

Board Meeting Details

The board meeting where these decisions were made commenced at 04:15 p.m. and concluded at 05:05 p.m. on August 11. The company has duly informed the BSE Limited of these developments, in compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation 2015.

Radhe Developers (India) Limited trades on the BSE under the scrip code 531273.