Aravali Securities & Finance Ltd Approves Key Appointments, Reappointments and Boards Report
The Board of Directors of Aravali Securities & Finance Ltd reviewed and approved several critical matters during a meeting held on June 06, 2026. The outcomes included the re-appointment of an internal auditor, along with recommendations regarding various director positions for approval at the ensuing Annual General Meeting (AGM).The Board meeting addressed the appointment of a Scrutinizer and approved the company's Board's Report pertaining to the Financial Year ended March 31, 2026. Furthermore, the notice convening the 46th Annual General Meeting was approved by the directors.
Key Directorship Appointments and Reappointments
The meeting focused on regulating several key appointments and reappointments:Internal Auditor Re-appointment:
Based on the recommendation of the Audit Committee, the Board approved the re-appointment of M/s. V.K. Kila & Co., Chartered Accountants, as the Internal Auditor for the Financial Year 2026-27. This firm is a Chartered Accountant firm experienced in internal audit, statutory audit, taxation and advisory services, possessing expertise to provide audit and assurance services across various sectors.
Retiring Director Re-appointment:
The Board recommended the re-appointment of Mrs. Malvika Poddar (DIN: 00457245), a director who retires by rotation at the upcoming AGM. Mrs. Poddar, whose profile includes entrepreneurship qualities and vast experience in Management & Business Strategy, offered herself for re-appointment, subject to shareholder approval.
New Director Recommendations:
The Board recommended two appointments as Non-Executive, Non-Independent Directors, both subject to shareholder approval:
- Mrs. Chandra Lekha Poddar (DIN: 00290957) was recommended as a Non-Executive Non-Independent Director. Mrs. Poddar possesses entrepreneurship qualities and vast experience in the Management & Business Strategy.
- Mr. Shiv Poddar (DIN: 11472666) was recommended as a Non-Executive Non-Independent Director. Mr. Poddar’s profile includes entrepreneurship qualities and vast experience in the accounting field, Management & Business Strategy.
Details regarding these appointments are presented below:
| Position | Individual Name | Status/Recommendation | Profile Highlights |
|---|---|---|---|
| Internal Auditor | M/s. V.K. Kila & Co. | Re-appointment for FY 2026-27 (Date: June 06, 2026) | Experienced in internal audit, statutory audit, taxation and advisory services. |
| Director (Retiring by Rotation) | Mrs. Malvika Poddar | Recommended for re-appointment at AGM | Entrepreneurship qualities and vast experience in Management & Business Strategy. |
| Non-Executive Director | Mrs. Chandra Lekha Poddar | Regularization of appointment | Possesses entrepreneurship qualities and vast experience in the Management & Business Strategy. |
| Non-Executive Director | Mr. Shiv Poddar | Regularization of appointment | Possesses entrepreneurship qualities and vast experience in the accounting field, Management & Business Strategy. |
Appointment of Scrutinizer
The Board appointed Mr. Gaurav Arora (Membership No. 48327), a Practicing Company Secretary, as the Scrutinizer. He will be responsible for conducting the remote e-voting and e-voting process at the upcoming Annual General Meeting to ensure fairness and transparency and submitting the required Scrutinizer's Report.Stock Price Movement
Aravali Securities & Finance Ltd. settled at ₹3.90 on Friday, following a significant decline of 9.93%. The stock moved throughout the trading session, swinging from an intraday low of ₹3.90 to a high of ₹4.35.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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