Chandrima Mercantiles Appoints New Chairperson

Chandrima Mercantiles Limited announced leadership changes with Dinesh Hareshbhai Gohel appointed as new Chairperson, while Pranav Kamleshkumar Trivedi resigned from his position due to personal reasons.

Chandrima Mercantiles Announces Leadership Restructuring and New Auditor Appointment

Chandrima Mercantiles Limited's board approved the change of Dinesh Hareshbhai Gohel from Managing Director to Non-Executive Director and appointed Chiragkumar Kiranbhai Prajapati as new Managing Director and Chief Financial Officer. The company also recommended M/s. MAAK Associates as statutory auditor for FY 2025-26, subject to shareholder approval in an extraordinary general meeting.

Chandrima Mercantiles' Auditor Resigns Citing Non-Cooperation, SEBI Penalty Disclosed

Chandrima Mercantiles Limited's statutory auditor VSSB Associates resigned effective November 14, 2025, citing management non-cooperation and lack of disclosure regarding stock market dealings. The company also disclosed receiving a Rs. 2.50 crore penalty from SEBI's Adjudicating Officer on October 31, 2025, for alleged stock market manipulation while reporting quarterly results for September 2025.

Chandrima Mercantiles Denies Unauthorized Social Media Claims About AI Technology and Website Launch

Chandrima Mercantiles Limited has issued a strong clarification denying any association with unauthorized promotional content circulating on social media platforms. The company categorically denied four specific claims: launching a website called Chandrima.io claiming 112.5k active users, $124M revenue, and partnerships with major tech companies like Meta, Google, Microsoft, and Amazon; any SEBI registered research analyst giving a target price of Rs. 100; developing Chandrima AI technology for video creation; and creating AI systems for visual, background, and voiceover production. The company stated it has not authorized or endorsed any such communications and follows strict policies of disseminating information only through official stock exchange filings. Chandrima Mercantiles reserves the right to initiate legal proceedings against individuals or entities misusing the company's identity and urged investors to rely only on official exchange filings and audited disclosures.