Cinevista Limited has informed the Exchange regarding ''. Outcome of the Board Meeting held today
CINEVISTA · price
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Cinevista Limited's Board of Directors met on 31st March 2026 and approved the re-appointment of Shri. Sunil Mehta as Managing Director and Shri. Prem Krishen Malhotra as Whole-Time Director, each for a 3-year term effective April 1, 2026, with a remuneration of ₹63 lakh per annum each, subject to shareholder approval at the 29th AGM. The Board also proposed appointing M/s Sarath & Associates (FRN 51208) as the new Statutory Auditors for 5 consecutive years starting FY 2026-27, replacing M/s Raj Niranjan Associates (FRN 108309W) who will complete their 5-year tenure at the upcoming AGM. All re-appointments and the auditor change are subject to shareholder approval at the forthcoming 29th Annual General Meeting.
Continuity in leadership as both directors are re-appointed, signalling stability for shareholders. The auditor change is a routine rotation at the end of a 5-year term and not a red flag, though shareholders should note the transition to a new audit firm.