BSEFrontier Capital LtdMediumNeutral
Announced Thu, 4 Sept · 16:36 IST

Appointment of SB & Company as a Secretarial Auditor for the period of 5 years

Management Changes View source PDF

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AI summary

Frontier Capital's board, at its meeting on September 4, 2025, approved the convening of the 41st Annual General Meeting on September 29, 2025 and cleared the AGM notice and Annual Report for FY ended March 31, 2025. It appointed Mr. Kamal Prajapati as the new Company Secretary & Compliance Officer effective the same day, replacing the prior incumbent. The board recommended M/s. A.P. Rajagopalan & Co., Chartered Accountants (a Mumbai-based firm established in 1978 with 47 years of standing), as new Statutory Auditors for a 5-year term starting from the conclusion of the 41st AGM, replacing the retiring M/s A.C. Bhuteria & Co. It also appointed M/s. SB & Company, Company Secretaries, as Secretarial Auditors for a 5-year term. Additionally, Dr. Sumana Raychaudhury, a legal professional with over 22 years of experience, was appointed as an Additional Director (Non-Executive-Independent) for 5 years, subject to shareholder approval.

Likely market impact

These are largely routine corporate housekeeping items ahead of the AGM. The change of statutory auditor is due to the natural expiry of the prior auditor's term rather than any resignation or governance concern, and the new firms carry credible credentials. For shareholders, the appointments signal standard regulatory compliance with no obvious red flags, though investors will want to watch the AGM for any substantive business updates alongside these procedural resolutions.