Corporate Merchant Bankers Ltd Board Approves Secretarial Auditor Appointment and Announces E-Voting Period
Corporate Merchant Bankers Ltd held a Board of Directors meeting on April 10, 2026, which considered and approved several operational matters. During the meeting, the Board considered the appointment of M/s. Dhruvi Patel & Associates, Company Secretaries, as the Secretarial Auditor for the Financial Year 2025-26, subject to subsequent shareholder approval.The Board meeting took place on April 10, 2026, at the Company's Corporate Office located at 806, Ratnanjali Square, Prernatirth Derasar Road, S A C, Ahmedabad, Ahmedabad City, Gujarat, India, 380 015. The meeting commenced at 4:00 P.M. and concluded at 5:00 P.M.
In addition to the audit appointment, the Board approved the Notice of Postal Ballot, which will be conducted solely through electronic means (remote e-voting) to seek approval from the members of the Company.
The period for remote e-voting is scheduled to begin on Saturday, April 11, 2026, at 09:00 AM (IST) and will conclude on Sunday, May 10, 2026, at 05:00 PM (IST).
Secretarial Auditor Appointment Details
The appointment of M/s. Dhruvi Patel & Associates, Company Secretaries, as the Secretarial Auditor for the Financial Year 2025-26 was approved by the Board on the recommendation of the Audit Committee.The details pertaining to this appointment are as follows:
| Name | Details of Auditor |
|---|---|
| M/s. Dhruvi Patel & Associates, Company Secretaries (FRN -S2024GJ963300), Ahmedabad | Ahmedabad based peer reviewed certified CS firm providing Secretarial, Corporate Legal, and Financial Restructuring solutions to the clients in India. Dhruvi Patel & Associates has a vast experience in the areas of law and specializes in dealing with matters relating to Company Law, Securities Laws, FEMA and Legal Due Diligence. |
| Reason for Change viz Appointment, resignation, Removal, death or otherwise | Appointment to comply with the Companies Act, 2013 and the requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. |
| Date of Appointment/Cessation (as applicable) & terms of appointment | 10 th April, 2026 Company Secretaries is appointed as Secretarial Auditor of the Company for the Financial Year 2025-26 subject to shareholders approval. |
The Company's Managing Director, Vishal Jethalal Nayak, issued the communication regarding these proceedings.
Stock Price Movement
Corporate Merchant Bankers Ltd shares settled Friday at ₹49.05, finishing up nearly 5% higher on the day. The stock spent the entire trading session locked into a completely flat range, bouncing only between ₹49.05 and ₹49.05.Source:
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