Khazanchi Jewellers Limited (formerly known as Khazanchi Jewellers Private Limited), a well-known name in the jewelry sector, has announced the appointment of M/s. Ak Jain & Associates, Practising Company Secretary, as its Secretarial Auditor for the financial year 2024-2025. The decision was made during the company’s Board Meeting, held on March 28, 2025, which commenced at 03:00 PM and concluded at 03:40 PM. This appointment aligns with the company’s commitment to ensuring robust corporate governance, regulatory compliance, and statutory reporting.

Key Details of the Appointment

1. Reason for Change:
   The company has appointed M/s. Ak Jain & Associates as the Secretarial Auditor for the financial year 2024-2025. This move is in compliance with Section 204 of the Companies Act, 2013 and Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, which mandates companies to appoint a secretarial auditor for conducting an audit of their secretarial and compliance processes.

2. Date of Appointment:
   The appointment was officially made on March 28, 2025, marking the beginning of the auditor's term for the financial year 2024-2025.

3. Brief Profile of the Auditor:

   • Firm Name: M/s. Ak Jain & Associates

   • Office Address: New no. 2, (new no. 3), Raja Annamalai Road, First Floor, Purasawalkam, Chennai – 600084

   • Email: akjainassociates@gmail.com

   • Area of Expertise: M/s. Ak Jain & Associates has extensive experience in Company Law, SEBI regulations, and various other business laws. The firm is proficient in compliance management and statutory reporting, which includes all statutory requirements concerning corporate governance and regulatory practices.

   • Term of Appointment: The firm will conduct the secretarial audit for the financial year 2024-2025, ensuring that all compliance obligations are met and reporting standards are adhered to.

4. Disclosure of Relationships Between Directors:
   There are no relationships between the new auditor and any of the company’s directors, making this appointment an independent one.

The Importance of a Secretarial Auditor

The role of a Secretarial Auditor is critical in ensuring that a company complies with all applicable corporate laws, rules, and regulations. This includes adhering to the provisions of the Companies Act, 2013, SEBI regulations, and other related laws that govern businesses in India. By appointing a reputable firm like M/s. Ak Jain & Associates, Khazanchi Jewellers aims to strengthen its compliance framework and ensure that it operates within the boundaries of statutory requirements.

Conclusion

The appointment of M/s. Ak Jain & Associates is a positive step towards ensuring that Khazanchi Jewellers continues to maintain high standards of corporate governance and compliance. Their expertise in Company Law, SEBI regulations, and business law will aid in improving the company’s compliance processes and statutory reporting for the upcoming financial year. This proactive approach reinforces Khazanchi Jewellers' commitment to transparency and good corporate practices, benefiting shareholders, stakeholders, and regulators alike.

Khazanchi Jewellers Limited continues to focus on adhering to the best practices of corporate governance, and this appointment is a part of its ongoing efforts to maintain regulatory compliance.

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