Re-appoint Mr. Hasanain S. Mewawala (DIN:00125472) as a Managing Director of the Company for a term of 5 Years and Appointment of M/s ND Associates, as a Secretarial Auditor of the Company ....
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At the 42nd Annual General Meeting held on 29th September 2025, shareholders approved two key resolutions. First, Mr. Hasanain S. Mewawala (DIN: 00125472) was re-appointed as Managing Director for a 5-year term, effective 7th August 2025. He has 25 years of experience in the engineering domain, holds 21,12,334 equity shares in the company, and is related to existing directors Mr. Murtuza S. Mewawala (brother) and Mrs. Sajeda Mewawala (spouse). Second, M/s ND & Associates was appointed as Secretarial Auditor for a 5-year term. The firm is a practicing company secretary firm founded in 2002, peer-reviewed and quality-reviewed by the Institute of Company Secretaries of India.
This is a routine governance update with no material impact on shareholders. The re-appointment ensures leadership continuity at the top, while the new secretarial auditor brings a fresh pair of eyes for compliance. No immediate effect on stock price is expected.