Corporate Merchant Bankers Ltd has announced key board decisions, including the appointment of M/s. Shweta Jain & Co LLP as internal auditor and the recommendation of new statutory and secretarial auditors. The board also proposed shifting its registered office from New Delhi to Ahmedabad, subject to shareholder approval at the upcoming 32nd Annual General Meeting scheduled for September 30, 2026.
Corporate Merchant Bankers Board Approves Governance Changes
Corporate Merchant Bankers has appointed a new internal auditor and proposed a shift of its registered office to Ahmedabad.
Reader Takeaway: Governance reshuffle and office relocation signal strategic focus, pending shareholder approval at the September 30 AGM.
What just happened
The board of Corporate Merchant Bankers Limited met on September 8, 2026, to finalize auditor appointments and address administrative restructuring. The company appointed M/s. Shweta Jain & Co LLP as internal auditor for the 2026-27 financial year. Additionally, the board recommended M/s. D D S & Associates as statutory auditors and M/s. Jay Pandya & Associates as secretarial auditors for a five-year term (FY 2026-27 to 2030-31), subject to shareholder approval.
Why this matters
The company is transitioning its corporate presence by proposing a shift of its registered office from New Delhi (Okhla Industrial Estate) to Ahmedabad (Palladium Business Park). This shift includes relocating the maintenance of books of accounts to the new Ahmedabad premises. These moves reflect a consolidation of operational administrative functions in Ahmedabad.
Annual General Meeting
The 32nd Annual General Meeting is set for September 30, 2026, at 04:00 P.M. via Video Conferencing or Other Audio-Visual Means. Shareholders will vote on the proposed auditor appointments and the registered office relocation.