Outcome of Board Meeting Under Reg 30 of SEBI (LODR) Reg 2015
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The board of BCC Fuba India Ltd met on 23rd May 2025 and approved several routine items. Vimal Jain & Associates, Chartered Accountants, were appointed as the Internal Auditor for FY 2025-26. The Board Report for the year ended 31st March 2025 was approved, along with an omnibus approval framework for related party transactions for FY 2025-26. The board also fixed 109, Wing II, Hans Bhawan, New Delhi as the corporate office where books of accounts will be maintained. Pankhuri Mathur & Associates declined the appointment as Secretarial Auditor for FY 2025-26 to FY 2029-30 citing unavoidable reasons, though the reason was not specified. The board also noted the CEO/CFO certification on audited financial results and confirmed that Regulation 32 (statement of deviation) is not applicable to the company.
These are largely routine governance and compliance updates with no material change to business or financials. The unexplained decline of the proposed secretarial auditor could be a minor governance flag worth monitoring, but overall the announcement is neutral for shareholders.