Godrej Industries Limited has informed the Exchange regarding Change in Auditors of the company.
GODREJIND · price
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Godrej Industries' Board, on May 15, 2025, approved the re-appointment of Mr. Nadir Godrej as Chairman and Managing Director for a short term from April 1, 2026 to August 25, 2026. It also re-appointed two Independent Directors — Ms. Shweta Bhatia (for a second term of 5 years from October 28, 2025) and Mr. Sandeep Murthy (for a second term of 5 years from March 1, 2026), both subject to shareholder approval. The Board approved an increase in the company's borrowing limit from ₹9,500 crore to ₹11,500 crore and authorised raising up to ₹2,000 crore through unsecured non-convertible debentures (NCDs) or bonds on a private placement basis. M/s. Nilesh Shah & Associates was appointed as the new Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). The 37th Annual General Meeting was fixed for August 13, 2025.
The re-appointments signal leadership continuity at the top, while the higher borrowing cap and ₹2,000 crore NCD plan indicate the company is preparing to raise more debt, which could slightly pressure leverage but supports growth or refinancing plans. Shareholders will need to approve these proposals at the upcoming AGM.