Appointment of M/s. Ashok Shelat & Associates as the Secretarial of the Company subject to shareholders approval at ensuing AGM
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Contil India Ltd's board, at its August 28, 2025 meeting, approved convening the 31st Annual General Meeting on September 22, 2025, with the register of members and share transfer books closed from September 13-22, 2025. The board recommended appointing M/s. Ashok Shelat & Associates, a Vadodara-based peer-reviewed firm of Practising Company Secretaries, as the company's Secretarial Auditor for a five-year term covering FY 2025-26 to 2029-30, subject to shareholder approval. The board also approved a revision in remuneration for Managing Director Mr. Krishna Contractor (promoter) and Executive Director Mrs. Sejal Contractor (his wife), both of whom were re-appointed for 5-year terms at the 28th AGM.
This is largely a routine governance filing. The 5-year appointment of a peer-reviewed secretarial auditor is a standard compliance measure and may improve governance. The upward salary revision for the promoter MD and his spouse-Executive Director will require shareholder approval at the AGM, and shareholders may scrutinise the quantum given the promoter family's concentration in key management positions.