Harikanta Overseas Limited has announced its 8th Annual General Meeting scheduled for September 21, 2026. Key agenda items include the appointment of a new statutory auditor for a five-year term, re-appointment of a Whole-time Director, and approval for material related party transactions involving asset leasing.
Harikanta Overseas 8th AGM Notice
AGM Date: September 21, 2026; Auditor Change: Five-year appointment of M/s. Jain Shrimal & Co.
Reader Takeaway: AGM focuses on governance renewal through new auditors and finalizing strategic related-party leasing agreements for operations.
What just happened
Harikanta Overseas Limited has issued the formal notice for its 8th Annual General Meeting (AGM) to be held on September 21, 2026. The company has set the cut-off date for e-voting eligibility as September 14, 2026, with the voting window open from September 17 to September 20, 2026.
Governance Update
The Board has moved to appoint M/s. Jain Shrimal & Co. as the company’s new Statutory Auditors. This follows the resignation of the previous firm, M/s. A.H. Jain & Co. The proposal seeks shareholder approval for a five-year tenure covering fiscal years 2026-27 through 2030-31.
Material Related Party Transactions
The company is seeking shareholder authorization for a series of leasing agreements with promoter-led entities. These include:
- Shree Jalaram Enterprise (Plot leasing: Rs 55 lakh)
- Abhishek Tex Fab (Machinery leasing: Rs 21 lakh)
- Tripura Textiles (Machinery leasing: Rs 21 lakh)
- Mansi Enterprise (Plot leasing: Rs 21 lakh)
Management maintains these transactions are necessary for business continuity and are conducted on an arm’s length basis.
Leadership
The board has proposed the re-appointment of Abhishek Nileshkumar Gotawala as Whole-time Director. Mr. Gotawala brings significant textile industry experience and currently holds a 23.55% equity stake in the firm.