Rajnandini Metal Limited has informed the Exchange regarding Outcome of Board Meeting held on August 19, 2025.
RAJMET · price
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The Board of Rajnandini Metal Limited held a meeting on August 19, 2025 with several key decisions. Mr. Ashok Kalra resigned from the post of Chairman & Managing Director citing other professional commitments, though he will continue on the Board as an Executive Director. Mr. Sanjay Choudhary, with over 20 years of experience in the copper and metals industry, has been appointed as the new Chairman & Managing Director for a 2-year term (August 2025 to August 2027), subject to shareholder approval. The previous Statutory Auditor, M/s KAPG & Associates, resigned, and M/s Krishna & Associates has been appointed to fill the casual vacancy and recommended for a 5-year term. Additionally, new Secretarial, Internal, and Cost Auditors were appointed/re-appointed. The 15th Annual General Meeting is scheduled for September 26, 2025 via video conference.
Shareholders should note a change in top leadership with a new MD taking charge, while the outgoing MD remains on the Board in a non-executive capacity. The mid-term switch of the Statutory Auditor is worth monitoring, though no governance concerns have been flagged by the company. The 15th AGM will seek shareholder approval on key appointments.