Appointment of M/s S P R & Co. Chartered Accountants as the Internal Auditor of the Company.
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Amwill Health Care's board met on April 16, 2025 and approved several changes effective April 17, 2025. Ms. Sapna Parmar (former Company Secretary who helped during the IPO) was appointed as an Additional Non-Executive Director, and Mr. Vasanth Kumar (a practising Company Secretary with experience on other listed company boards) was appointed as an Additional Independent Director for a 5-year term. Two directors stepped down: Mr. Sagar Goutam Nahar (Independent Director) and Ms. Rekha Jagadish (Non-Executive Director), both citing pre-occupation and other professional commitments. Board committees were reconstituted accordingly. The board also appointed M/s. S P R & Co. Chartered Accountants as Internal Auditors for FY 2024-25.
This is a routine board reshuffle with two fresh appointments and two exits, none of which raise governance concerns. The new Internal Auditor is a large firm with 400+ professionals, which may strengthen internal controls. Shareholders will need to approve the new director appointments at the next AGM. Overall, the changes appear neutral for shareholders.