Outcome of the Board Meeting held on 25th August, 2025.
Price
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Awaiting price reaction for this filing.
The Board of Gita Renewable Energy met on 25th August 2025 and approved several items. These include the Board's Report for FY 2024-25 and the notice for the 15th Annual General Meeting scheduled for 25th September 2025, along with a record date. The Board appointed Aayush Bohra & Co. as Statutory Auditors for a five-year term (till the 2030 AGM) and N N Kumar & Associates as Internal Auditors for FY 2025-26. It also appointed M K Madhavan & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30) and as Scrutiniser for the AGM. Additionally, the Board recommended the re-appointment of Ms. Saraswathi as Director (retiring by rotation) and Mr. R Natarajan as Managing Director for five years from 1st April 2025 to 31st March 2030, subject to shareholder approval.
These are largely routine governance and compliance decisions ahead of the AGM. The Managing Director's re-appointment ensures leadership continuity, while the new auditor appointments reflect standard compliance changes. No material financial action is involved, so direct impact on share price is unlikely.