Univa Foods Appoints New CFO and Announces Key Audits and Office Shift
Noor Mohmmed
11/Jan/2025
What's Covered
- Univa Foods appoints Piyush Yogesh Rastogi as CFO with extensive financial expertise.
- M/s. HRU and Associates, and C.C. Patil & Co. appointed as auditors for FY 2024-25.
- Corporate office relocated to Neelkanth Business Park, Vidyavihar (W), Mumbai.
Univa Foods Limited, a prominent player in its sector, has announced significant corporate developments following the Board of Directors meeting on January 10, 2025. These updates include a strategic leadership appointment, selection of auditing firms, and the relocation of its corporate office.
1. Appointment of Chief Financial Officer (CFO)
The company has appointed Mr. Piyush Yogesh Rastogi as the new Chief Financial Officer, effective January 10, 2025. With a commerce background and over 8 years of diverse financial expertise, Mr. Rastogi brings a wealth of knowledge in finance, auditing, and strategic planning. His experience spans industries like metals, agro, and garments, where he has excelled in risk mitigation and process optimization.
This appointment signals Univa Foods' commitment to bolstering its financial management capabilities and aligning strategies with long-term business objectives.
2. Appointments of Secretarial and Internal Auditors
The company announced two key auditing appointments for the financial year 2024-25:
- M/s. HRU and Associates has been appointed as the Secretarial Auditor. The firm, known for its expertise in corporate law compliance and peer-reviewed certification, will oversee the company's secretarial practices.
- M/s. C.C. Patil & Co., a reputable Chartered Accountancy firm, has been designated as the Internal Auditor. With significant experience in accounts, finance, and consultancy, the firm will play a crucial role in ensuring robust financial practices.
3. Corporate Office Relocation
Univa Foods has shifted its corporate office from Hyderabad to Mumbai. The new address is:
B-702, 7th Floor, Neelkanth Business Park, Kirol Village, Near Bus Depot, Vidyavihar (W), Mumbai – 400086
This relocation aligns with the company’s vision to strengthen its operational presence and accessibility in a key business hub.
Key Takeaways from the Board Meeting
- The Board Meeting commenced at 5:00 PM and concluded at 6:00 PM on January 10, 2025.
- All decisions, including the CFO's appointment, audit assignments, and office shift, reflect the company's dedication to growth and operational efficiency.
The Upcoming IPOs in this week and coming weeks are Kabra Jewels and Laxmi Dental.
The Current active IPO are Sat Kartar Shopping and Barflex Polyfilms.
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