NewsStocksVeerkrupa Jewellers Board Approves Authorized Capital Increase and Key Appointments for 6th AGMVeerkrupa Jewellers Board Approves Authorized Capital Increase and Key Appointments for 6th AGM
Veerkrupa Jewellers Limited plans to increase its authorized share capital from Rs. 13.20 crore to Rs. 27.00 crore, subject to shareholder approval. The company has appointed M/s Shah Karia & Associates as statutory auditors and M/s Neelam Somani & Associates as secretarial auditors for a five-year term. The 6th Annual General Meeting is scheduled with register closure from September 22-29, 2025, and e-voting from September 27-29, 2025. Managing Director Mr. Chirag Arvindbhai Shah will seek reappointment at the AGM.
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Veerkrupa Jewellers Limited, a prominent player in the jewelry sector, has announced several significant decisions following its Board of Directors meeting on September 5, 2025. The company is set to make substantial changes to its capital structure and has appointed new auditors, signaling a strategic move towards growth and enhanced corporate governance.
Authorized Share Capital Increase
In a bold move, Veerkrupa Jewellers plans to more than double its authorized share capital. The Board has approved an increase from Rs. 13.20 crore to Rs. 27.00 crore, subject to shareholder approval. This substantial boost in authorized capital could potentially pave the way for future expansions or capital-raising initiatives.
Key Appointments
The Board has made two crucial appointments to strengthen its auditing and compliance functions:
Statutory Auditors: M/s Shah Karia & Associates, Chartered Accountants, have been appointed as the new statutory auditors. With a firm establishment dating back to 2010, Shah Karia & Associates brings extensive experience in various financial services, including assurance, risk management, and transaction advisory.
Secretarial Auditors: M/s Neelam Somani & Associates, Practicing Company Secretaries, have been appointed as the new secretarial auditors. The firm boasts over 10 years of post-qualification experience in secretarial and legal matters, with expertise in SEBI regulations, stock exchange listing agreements, and company law.
Both appointments are for a five-year term, from FY 2025-26 to FY 2029-30, pending shareholder approval at the upcoming Annual General Meeting (AGM).
6th Annual General Meeting
Veerkrupa Jewellers has scheduled its 6th AGM with the following key details:
| Event | Date |
|---|---|
| Register Closure | September 22-29, 2025 (both days inclusive) |
| E-voting Period | September 27-29, 2025 |
| Cut-off Date for E-voting | September 22, 2025 |
Management Reappointment
Mr. Chirag Arvindbhai Shah, the Managing Director of Veerkrupa Jewellers, will seek reappointment at the AGM as he retires by rotation, in accordance with Section 152(6) of the Companies Act, 2013.
Additional Board Approvals
The Board has also approved the annual report and director's report for the financial year ending March 31, 2025. Furthermore, Neelam Rathi, a Practicing Company Secretary, has been appointed as the Scrutinizer for the AGM proceedings.
These strategic decisions reflect Veerkrupa Jewellers' commitment to strengthening its financial position, enhancing corporate governance, and preparing for potential future growth opportunities in the dynamic jewelry market.
Historical Stock Returns for Veerkrupa Jewellers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -3.06% | -1.04% | -14.41% | -52.97% | -98.37% |
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