Swojas Foods Limited (formerly known as Swojas Energy Foods Limited) convened a Board of Directors meeting on March 28, 2025, at the company’s corporate office in Ahmedabad. The meeting concluded with two key approvals related to the auditing function for the upcoming financial years.

1. Appointment of Internal Auditor for FY 2025-26:
The Board of Directors approved the appointment of Mr. Ravi Yashwantbhai Patel as the Internal Auditor of the company for the financial year 2025-26. Mr. Patel is a qualified professional accountant with a wealth of experience in accounting, taxation, and finance. He has been actively involved in auditing various businesses, including Proprietor concerns, Partnership firms, and Private Limited Companies. His work will also cover VAT audits, tax audits, and other accounting-related services. His role will be critical in maintaining internal financial controls and ensuring compliance with regulatory requirements.

Mr. Patel's professional background includes a decade of experience, and he has proficiency in using tools like Tally ERP for bookkeeping and handling taxation matters. He has been appointed for a term extending through the financial year, starting from March 28, 2025.

2. Appointment of Secretarial Auditor for FY 2024-25:
The Board also approved the appointment of Ms. Prity Bishwakarma, a Practising Company Secretary and Proprietor of M/s. Prity Bishwakarma & Co., as the Secretarial Auditor for the financial year 2024-25. Ms. Bishwakarma, an expert in secretarial and listing compliances, has been actively involved in working with Stock Exchanges, NCLT, and other regulatory bodies like ROC, SEBI, and RD. She will oversee the company’s compliance with the Companies Act, 2013 and SEBI regulations.

Ms. Bishwakarma brings a robust set of skills, particularly in stock exchange filings, corporate governance, and compliance with statutory norms, ensuring that Swojas Foods meets all regulatory and legal requirements. Her appointment is aligned with the company’s commitment to maintain transparency and adherence to corporate governance principles.

Both appointments were made following SEBI's regulations for disclosure and governance practices, ensuring that the company remains compliant with all SEBI Circulars and the listing regulations.

These decisions are part of Swojas Foods' ongoing efforts to enhance its internal controls and corporate governance framework for the benefit of shareholders, investors, and other stakeholders. The outcomes of this meeting underscore the company’s commitment to uphold transparency and operational integrity in its financial and secretarial practices.

Conclusion:
The board meeting concluded at 12:35 PM after these key decisions were made. The appointments of Mr. Ravi Yashwantbhai Patel and Ms. Prity Bishwakarma are expected to further solidify the company’s audit and compliance practices for the upcoming financial years.

The Current active IPO are Aten Papers & Foam Limited, Infonative Solutions Limited,Spinaroo Commercial Limited,Retaggio Industries Limited,Identixweb Limited.

The Closed IPOs are  ATC Energies System Limited, Shri Ahimsa Naturals Limited, Desco Infratech Limited

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.