Appointment of Statutory Auditor
Awaiting price reaction for this filing.
The Board of Piramal Enterprises, at its meeting on 6th May 2025, approved several key governance changes. Three Independent Directors — Mr. Suhail Nathani, Ms. Anjali Bansal, and Mr. Kunal Bahl — were re-appointed for a second 5-year term starting October/November 2025. Mr. Ajay Piramal's term as Whole-time Chairman was approved for continuation beyond his turning 70 on 3rd August 2025, until 31st March 2027. The current Joint Statutory Auditors, Suresh Surana & Associates LLP and Bagaria & Co LLP, will complete their term at the upcoming 78th AGM, and will be replaced by N. M. Raiji & Co. and Chhajed & Doshi for a 3-year term up to the 81st AGM in 2028. Additionally, N. L. Bhatia & Associates was appointed as Secretarial Auditor for 5 years up to the 83rd AGM in 2030. All appointments are subject to shareholder approval.
This is a routine governance update with no negative implications — auditor changes follow a normal end-of-term rotation, and director re-appointments signal board continuity. Shareholders should view this as standard housekeeping with no material impact on the stock price.