Vaswani Industries Approves Postal Ballot for Preferential Issue; Re-appoints Cost Auditors
Vaswani Industries Limited confirmed several key decisions following its Board meeting held on June 4, 2026. The board approved the procedures necessary to seek shareholder approval via a special resolution related to a proposed preferential issue of equity shares.The company's directors decided to initiate a Postal Ballot process through remote e-voting to obtain member approval for the preferential issue, which had been previously approved by the Board during its meeting on May 30, 2026. Concurrently, the board appointed M/s Kanungo Agrawal & Co., Company Secretaries, as the Scrutinizer responsible for conducting the Postal Ballot process in a fair and transparent manner.
The board also established a timeline for the ballot process. The cut-off date for determining the eligibility of members entitled to receive the notice and exercise voting rights was fixed as May 29, 2026. The Postal Ballot Notice, accompanied by the Explanatory Statement and remote e-voting instructions, will be distributed only to those members listed in the Register of Members or the Register of Beneficial Owners maintained by the Depositories as of May 29, 2026.
Cost Auditors Appointment Details
In addition to the postal ballot approvals, the Board appointed M/s Sanat Joshi & Associates, a firm of Cost Accountants, to serve as the Company's Cost Auditors for the financial year 2026-27. The appointment marked the re-appointment of the auditing firm.The details pertaining to the appointment and profile of the Cost Auditor are provided below:
| Event Detail | Information |
|---|---|
| Reason for Appointment | Re-appointment of Sanat Joshi & Associates, Cost Accountants, as Cost Auditors of the Company. |
| Term and Date | Re-appointed as Cost Auditors effective June 4, 2026, for the Financial Year 2026-27. |
| Firm Profile | Sanat Joshi & Associates is a firm of Cost Accountants with over 11 years of professional practice. The firm offers expertise in cost and management accounting, compliance, and strategic financial advisory services. |
VASWANI Stock Price Movement
On Thursday, shares of Vaswani Industries Limited gained 0.92%, settling at ₹59.25 amid a rally from previous levels. The stock saw a trading volume of 125,627 during the session.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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