2 new Independent Directors join in and Company Secretary & Compliance officer has been appointed w.e.f 10.09.2025.
Awaiting price reaction for this filing.
LS Industries Ltd held a board meeting on September 10, 2025, with several key decisions. The existing statutory auditor, Sangeet Kumar & Associates, resigned creating a casual vacancy, and M/s Bhakoo & Co. (FRN 022641N) was appointed as the new statutory auditor for FY 2025-26. Two new independent directors were inducted: Mr. Peeyush Sethi (a company secretary with 20+ years of finance experience) and Ms. Richa Arora (7 years in microfinancing and taxation), both for a 5-year term subject to shareholder approval. Additionally, CS Kanwar Nitin Singh was appointed as the new Company Secretary and Compliance Officer with immediate effect.
The mid-term auditor switch may raise minor governance questions, but the new auditor appointment along with a woman independent director and a dedicated compliance officer suggests the company is strengthening its board and compliance framework, which is broadly positive for governance.