Sheetal Cool Products Limited , a prominent player in the food and beverage industry, held its 12th Annual General Meeting (AGM) on September 20, 2025, where shareholders approved several significant appointments and reappointments. The meeting, conducted through video conferencing, marked important changes in the company's leadership and auditing structure.

Director Reappointments

The shareholders approved the reappointment of three brothers as Whole Time Directors for a five-year term from September 5, 2025, to September 4, 2030:

1. Mr. Bhupatbhai Dakubhai Bhuva: Reappointed as Managing Director with a monthly remuneration of Rs. 1,60,000. Mr. Bhupatbhai holds a Bachelor of Commerce degree and brings extensive experience in administration, leadership, and public relations.

2. Mr. Dineshbhai Dakubhai Bhuva: Reappointed as Whole Time Director with a monthly remuneration of Rs. 1,50,000. Although under-matriculate, Mr. Dineshbhai possesses expertise in franchise business, corporate relationship management, liaising, external business affairs, and corporate social responsibility.

3. Mr. Sanjaybhai Dakubhai Bhuva: Reappointed as Whole Time Director with a monthly remuneration of Rs. 1,40,000. Like his brother Bhupatbhai, Mr. Sanjaybhai holds a Bachelor of Commerce degree and has vast experience in administration, leadership, and public relations.

All three directors will receive additional benefits, including company-maintained cars with drivers, communication facilities, health insurance for themselves and their families, and personal accident coverage.

Auditor Appointments

The AGM also saw the approval of key auditor appointments:

1. M/s. Chetan Patel & Associates was appointed as the Secretarial Auditor for a five-year term from FY2025-26 to FY2029-30. The firm, based in Ahmedabad, is known for its expertise in corporate law, SEBI regulations, and various compliance services.

2. M/s. H.B. Kalaria & Associates, Chartered Accountants was reappointed as the Statutory Auditors for a second consecutive five-year term, from the conclusion of the 12th AGM until the 17th AGM in 2030. Established in 1988, the firm offers a wide range of services including auditing, financial consulting, and tax-related services.

Other Business

The AGM also addressed other matters, including:

• Adoption of audited standalone financial statements for the year ended March 31, 2025
• Ratification of the Cost Auditor's remuneration
• Approval of various special resolutions related to the directors' reappointments

The meeting, which commenced at 12:00 PM and concluded at 12:15 PM, saw the participation of key company officials, including the Chairman and Managing Director, Whole Time Directors, Independent Directors, and various auditors through video conferencing.

Sheetal Cool Products Limited continues to strengthen its governance structure with these appointments, positioning itself for future growth and compliance with regulatory requirements.

Sheetal Cool Products Limited (SCPL), a prominent player in the food and beverage industry, has announced significant corporate governance updates, including the reappointment of key directors and auditors. These decisions, made during a board meeting on August 25, 2025, are subject to shareholder approval at the upcoming 12th Annual General Meeting (AGM).

Leadership Continuity: Reappointment of Whole Time Directors

The board has approved the reappointment of three Whole Time Directors, all brothers with extensive experience in the company's operations:

1. Mr. Bhupatbhai Dakubhai Bhuva (DIN: 06616061)
2. Mr. Dineshbhai Dakubhai Bhuva (DIN: 06616078)
3. Mr. Sanjaybhai Dakubhai Bhuva (DIN: 06616086)

Each director has been reappointed for a five-year term, from September 5, 2025, to September 4, 2030. This decision ensures continuity in the company's leadership and strategic direction.

Director Profiles

Bhupatbhai Dakubhai Bhuva

• Holds a Bachelor of Commerce degree
• Brings vast experience in administration, leadership, and public relations

Dineshbhai Dakubhai Bhuva

• Under-matriculate
• Possesses expertise in franchise business, corporate relationship management, liaising, external business affairs, and corporate social responsibility

Sanjaybhai Dakubhai Bhuva

• Bachelor of Commerce graduate
• Extensive experience in administration, leadership, and public relations

The company has confirmed that none of the directors are debarred from holding office by any SEBI order or other authority.

Auditor Appointments

In addition to the director reappointments, SCPL has made key decisions regarding its auditors:

Secretarial Auditor

M/s. Chetan Patel & Associates (Firm Registration Number P2024GJ102000) has been appointed for a five-year term from FY2025-26 to FY2029-30. The firm, based in Ahmedabad, is known for its expertise in corporate law, SEBI regulations, and various compliance services.

Statutory Auditor

M/s. H.B. Kalaria & Associates, Chartered Accountants (ICAI registration No. 104571W), has been reappointed for a second consecutive five-year term. Their tenure will extend from the conclusion of the 12th AGM until the 17th AGM in 2030. Established in 1988, the firm offers a wide range of services including auditing, financial consulting, and tax services.

Implications for Shareholders

These reappointments signal Sheetal Cool Products Limited's commitment to maintaining stability in its governance structure while ensuring compliance with regulatory requirements. Shareholders will have the opportunity to vote on these appointments at the upcoming AGM.

The company has also issued a notice for email registration, indicating its efforts to enhance digital communication with shareholders. This move aligns with modern corporate governance practices and facilitates more efficient information dissemination.

As Sheetal Cool Products Limited continues to navigate the dynamic food and beverage industry, these governance updates are likely to play a crucial role in shaping the company's future strategies and operations.