Azad Engineering Limited has informed the Exchange regarding 'Appointment of Mr. Ashish Kumar Gaggar, Practicing Company Secretary, (FCS 6687, COP: 7321) a Peer reviewed Company Secretary in practice as the Secretarial Auditor of the Company for a period of five (5) consecutive financial years'.
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Azad Engineering Limited has appointed Mr. Ashish Kumar Kumar Gaggar, a Practicing Company Secretary, as the Secretarial Auditor of the company. Mr. Gaggar holds FCS 6687 and COP 7321 credentials and is a peer-reviewed company secretary in practice. His appointment is for a period of five consecutive financial years. Secretarial auditors are appointed to check whether the company is following proper corporate governance rules and regulatory compliances under the Companies Act. This is a routine compliance requirement listed companies must fulfill.
This is a standard governance compliance appointment and is unlikely to have any material impact on the stock price or shareholders. It simply reinforces the company's adherence to regulatory disclosure and governance norms.