Board clears Brazil WOS, re-appoints internal auditor, names secretarial auditor
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On June 23, 2026, the board approved three items: re-appointing M/s. RANK & Associates as Internal Auditor for FY 2026-27, appointing M/s. N. L. Bhatia & Associates as Secretarial Auditor for 5 years (FY 2026-27 to FY 2030-31) subject to member approval, and setting up a wholly owned subsidiary in Brazil to distribute essential oils, aromatics and specialty chemicals. The Brazil WOS will be funded via ODI with equity up to Rs 2 crore and a Standby Letter of Credit of up to Rs 15 crore.
Routine auditor re-appointment and new secretarial auditor; Brazil WOS signals international expansion with a near-term equity outlay of Rs 2 crore.