Appointment of Secretarial Auditor
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At its 34th Annual General Meeting held on 14 July 2025, shareholders of Abate As Industries Ltd approved the appointment of M/s. Lakshmmi Subramanian & Associates (LSA) as the company's Secretarial Auditor for a 5-year term covering financial years 2025-26 to 2029-30. LSA is a Chennai-based firm of Practicing Company Secretaries established in 1988, with over 32 years of experience serving listed companies, multinationals, and domestic firms across sectors like healthcare, IT, NBFCs, insurance, manufacturing, and e-commerce. The appointment is made to comply with Section 204 of the Companies Act, 2013, which mandates secretarial audit for certain companies. This is a routine regulatory compliance appointment with no change in management or board.
This is a standard compliance-driven appointment and is unlikely to have any material impact on the stock price or shareholder value. It simply formalises the secretarial audit function for the next five years.