Rapid Investments Limited , a Mumbai-based company, has successfully appointed new statutory auditors through a postal ballot process. The shareholders overwhelmingly approved the appointment of M/s. NNK Co., Chartered Accountants, to fill the vacancy left by the resignation of the previous auditors, M/s. Valawat Associates.

Voting Process and Results

The company conducted the voting process through remote e-voting, which took place from October 6 to November 4, 2025. The results of the postal ballot were as follows:

The resolution was passed as an ordinary resolution with an overwhelming majority, demonstrating strong shareholder support for the appointment of the new auditors.

Shareholder Participation

The voting process saw participation from both promoter and public shareholders:

Compliance and Transparency

The postal ballot process was conducted in compliance with the Companies Act, 2013, and SEBI regulations. Pankaj S Desai, a practicing Company Secretary, served as the scrutinizer for the postal ballot process, ensuring its fairness and transparency.

Nina Ranka, the Managing Director of Rapid Investments Limited, communicated the results to the Bombay Stock Exchange on November 5, 2025, in accordance with regulatory requirements.

This appointment of new statutory auditors marks an important corporate action for Rapid Investments Limited, ensuring continued financial oversight and compliance with regulatory standards.

Rapid Investments Limited , a Mumbai-based company, has initiated a postal ballot process to appoint new statutory auditors following the resignation of its previous auditors. The company is seeking shareholder approval to fill the casual vacancy created by this resignation.

Key Highlights

• New Auditor Appointment: The Board of Directors has proposed the appointment of M/s. NNK & Co., Chartered Accountants (FRN: 143291W) as the new statutory auditors.
• Voting Period: Shareholders can cast their votes electronically from October 6 to November 4, 2025.
• Remuneration: The proposed remuneration for the new auditors is Rs. 60,000.00 per annum, plus certification and tax audit fees, excluding GST.
• Term: If approved, M/s. NNK & Co. will serve from October 3, 2025, until the conclusion of the next Annual General Meeting in 2026.

Reason for Change

The previous auditors, M/s. Valawat & Associates, resigned citing disagreement over fee revision requests. This resignation necessitated the appointment of new auditors to fill the casual vacancy.

About the New Auditors

M/s. NNK & Co. is a reputed chartered accountancy firm based in Mumbai. With over a decade of experience, the firm specializes in various financial services, including:

• Statutory audits
• Internal audits
• Tax consultancy
• Stock audits for banks

The firm holds a valid peer review certificate (No. 015095) and is led by CA Nikita Lalwani, who has 18 years of professional experience.

Voting Details

Mr. Pankaj Desai has been appointed as the scrutinizer for overseeing the postal ballot process.

Rapid Investments Limited has emphasized that this postal ballot notice is being sent electronically to shareholders who have registered their email addresses with the company or depositories. The company encourages shareholders to participate in this important decision-making process through electronic voting.

This move by Rapid Investments underscores the company's commitment to maintaining robust financial oversight and transparency in its operations. Shareholders are advised to review the detailed postal ballot notice and cast their votes within the specified timeframe.