Amit Spinning Industries Limited has informed the Exchange regarding Appointment of M/s. Shrenik Nagaonkar & Associates as Secretarial Auditor of the company w.e.f. May 17, 2025.
Awaiting price reaction for this filing.
At a board meeting held on May 17, 2025, the company (now renamed Girnar Spintex Industries Limited) made four key decisions. Mr. Shrenik Deepak Choudhari was appointed as Chief Financial Officer with immediate effect. M/s Thigale Utturkar and Associates were reappointed as Internal Auditors, M/s Shrenik Nagaonkar & Associates as Secretarial Auditors, and M/s Nilesh Ashok Chalke as Cost Auditor, all for FY 2025-26. Notably, the newly appointed CFO is the son of Chairman and Managing Director Mr. Deepak Choudhari and of Non-Executive Director Mrs. Madhubala Choudhari, both part of the promoter family. The meeting ran from 4:00 p.m. to 5:15 p.m. on May 17, 2025.
Shareholders should note the appointment of a promoter family member as CFO, which may raise governance questions about independence at the senior management level. The reappointment of existing auditors is routine and does not suggest any underlying issues.