On March 25, 2025, a board meeting of Variman Global Enterprises Limited was held at the company’s registered office located at 1-2-217/10, Gagan Mahal, Domalguda, Hyderabad, Telangana. The meeting took place at 2:30 p.m. and concluded at 3:00 p.m. The board members deliberated on several key corporate matters, including the appointment of new auditors for the financial year 2024-25.

Appointment of Secretarial Auditor
As part of the company’s ongoing efforts to maintain strong corporate governance practices, Variman Global Enterprises has appointed M/s. Manoj Parakh and Associates, a firm of practicing company secretaries based in Visakhapatnam, as its secretarial auditor for the FY 2024-25. M/s. Manoj Parakh and Associates have over a decade of experience in secretarial services, filings, incorporations, and foreign advisory services, which makes them well-suited to oversee the company's secretarial compliance for the upcoming fiscal year. The appointment was made on March 25, 2025, and will remain effective for the entire financial year.

Appointment of Internal Auditor
Additionally, the board approved the appointment of M/s. VASG and Associates, a prominent firm of Chartered Accountants, as the company’s internal auditors. M/s. VASG and Associates, formerly known as Rao & Sridhar, have been in business for over 30 years, offering statutory audits, internal audits, corporate taxation, and business advisory services. The firm operates across Hyderabad and Bangalore and has earned a reputation for its expertise in audit and advisory services. This appointment will ensure the company adheres to best practices in financial reporting and internal controls for the year ahead.

Compliance with SEBI Regulations
In line with SEBI’s Listing Obligations and Disclosure Requirements and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155, the company made the required disclosures regarding the appointment of the new auditors under Regulation 30. This ensures that all changes to key roles within the company are transparent and in compliance with SEBI’s regulations on corporate governance.

Disclosures Required under SEBI Regulations
The company has also included detailed disclosures as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures provide details about the reasons for the appointment of both M/s. Manoj Parakh and Associates as the secretarial auditor and M/s. VASG and Associates as the internal auditor. Both firms were appointed on March 25, 2025, and their profiles were shared with the stock exchange, providing a clear picture of their qualifications and experience in their respective fields.

No Director Relationships
The company confirmed that there were no relationships between the directors and the newly appointed auditors, which ensures transparency and removes any potential conflicts of interest.

Next Steps and Future Announcements
While the appointment of auditors has been finalized, the company will continue to follow all necessary disclosure requirements and keep investors and stakeholders updated on any further developments.

Conclusion
The appointment of M/s. Manoj Parakh and Associates as secretarial auditors and M/s. VASG and Associates as internal auditors marks an important step in Variman Global Enterprises Limited’s commitment to upholding strong governance practices. With these appointments, the company is reinforcing its commitment to corporate compliance, transparency, and sound financial management for the fiscal year 2024-25.

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