Appointment of Statutory Auditor of the Company
Awaiting price reaction for this filing.
The board approved the appointment of Mr. Dineshkumar D. Sabnani as Managing Director for 5 years (effective Nov 22, 2024) along with 4 other directors, including Mr. Kalpeshkumar N. Vohra, Mr. Arvind V. Vegda, Ms. Ritu A. Sharma as Non-Executive Directors, and Mrs. Tejal K. Vohra as Women Non-Executive Independent Director. Notably, Mrs. Tejal Vohra is the wife of newly appointed Non-Executive Director Mr. Kalpeshkumar Vohra, creating a family connection on the board. M/s. SSRV and Associates was appointed as Statutory Auditor and M/s. SCS and Co. LLP as Secretarial Auditor, both for 5-year terms. Executive Director Mr. Arun Kumar resigned due to personal reasons effective Sept 8, 2025. The 31st AGM has been scheduled for September 30, 2025.
Mostly procedural regularization of earlier appointments (dating back to Nov 2024 and May 2025) and standard 5-year auditor tenure. The appointment of a husband-wife pair on the board and the exit of an Executive Director are notable governance points shareholders should watch, though no immediate impact on share price is expected from these disclosures alone.