Announced Thu, 15 May · 13:51 IST

1. Appointment of Secretarial Auditor 2. Appointment of Internal Auditor

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of Haryana Leather Chemicals Ltd, at its meeting held on 15th May 2025, approved the appointment of M/s. Neeraj Gupta & Associates as Secretarial Auditors for a first term of 5 years (FY 2025-26 to FY 2029-30), subject to shareholder approval. The Board also appointed M/s. Prince Kumar & Associates, Chartered Accountants, as Internal Auditor for FY 2025-26. Additionally, the Board approved a dividend of Rs. 1 per equity share (face value Rs. 10) for the financial year ended 31st March 2025, which is subject to shareholder approval at the upcoming AGM.

Likely market impact

These are routine governance and compliance matters. The dividend of Rs. 1 per share on a Rs. 10 face value offers a modest 10% yield. The new auditor appointments signal standard regulatory compliance and are unlikely to have a material impact on the stock price.