Appointment of M/s. KCDR & Associates, Chartered Accountants as Internal Auditor of the Company for a term of 5 years starting from Financial Year 2025-2026 to Financial Year 2029-2030.
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At its September 11, 2025 board meeting, B. D. Industries (Pune) approved the appointment of M/s. KCDR & Associates, Chartered Accountants (FRN 127426W), as Internal Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. In the same meeting, the board appointed Mr. Ajit Jindal (DIN: 03453684), an automotive R&D veteran with 40+ years of experience, as an Additional Non-Executive Independent Director for 5 years, subject to shareholder approval. Separately, Independent Director Mr. Vijay Goverdhandas Kalantri (DIN: 00019510) resigned citing other engagements, effective the same day, with no material reasons disclosed. The board also appointed M/s. Prajot Vaidya & Co. as Secretarial Auditor for FY 2025-26, authorised the MD/Director to handle foreign exchange transactions, and approved an additional credit facility from HDFC Bank.
Routine governance housekeeping with no material red flags — the internal auditor and secretarial auditor appointments are regulatory compliance moves, while the resign-then-appoint of an independent director maintains board composition. Shareholders should note the HDFC Bank credit facility authorisation, which signals incremental borrowing.