Appointment of M/s Vinod Kothari & Company, Practicing Company Secretaries, as Secretarial Auditor of the Company, subject to approval of members of the Company.
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At its May 16, 2025 meeting, the Board approved five items. Mr. Ashok Hiremath (DIN: 00349345), founder of Astec LifeSciences with 40+ years in the chemical industry, was re-appointed as Non-Executive Independent Director for a 5-year term from September 8, 2025 to September 7, 2030. Mr. Tajendra Gupta, a Mechanical Engineer with 32+ years in Oil & Gas (previously Senior VP at Total Energies and MD of a Nigerian oil company), was appointed to Senior Management as Business Head effective May 16, 2025. M/s Vinod Kothari & Company, a 36-year-old peer-reviewed firm of practicing company secretaries, was appointed as Secretarial Auditor for 5 consecutive financial years (April 1, 2025 to March 31, 2030). The Board also approved adoption of new Memorandum and Articles of Association aligned with the Companies Act, 2013, replacing the older 1956-era documents and updating objects to allow flexibility for new business lines.
These are largely routine corporate governance housekeeping actions — refreshing board composition, strengthening senior management with Oil & Gas expertise, appointing a well-regarded secretarial auditor, and modernizing constitutional documents. None of the changes are expected to materially affect shareholders or stock price in the near term; all appointments remain subject to member approval.