Based on recommendations of the Audit Committee, the Board of Directors has approved the Appointment of M/s. NVC & Associates LLP, Chartered Accountants, as the Statutory Auditors of the ....
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Daikaffil Chemicals India's Board, at its August 12, 2025 meeting, approved three key items. First, M/s. NVC & Associates LLP, a Mumbai-based Chartered Accountancy firm established in 1959 with seven partners, has been appointed as Statutory Auditor for a 5-year term starting FY 2025-26, subject to shareholder approval. Second, Mr. Roshan R Shetty, who holds a Chemical Engineering degree from ICT Mumbai and a Master's from Georgia Tech with 6+ years of process design experience, has been appointed as Executive Non-Independent / Whole Time Director for 5 years. He is the son of the current Managing Director, Mr. Raghuram K Shetty. Third, Mr. Sanjeev Kapoor, existing Vice President of Business Development with 36 years of textile and detergent industry experience, has been designated as Senior Management Personnel.
The appointment of the promoter MD's son as Executive Director signals continuity of family-led leadership, which is common in small-cap chemical companies but worth monitoring from a governance perspective. The new statutory auditor is a long-established firm, suggesting a routine rotation rather than any concerning change. Overall, these are standard governance updates with no immediate material impact on shareholder value.