Appointment of Secretarial Auditor
HPAL · price
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HP Adhesives' Board, at its meeting on August 8, 2025, approved several items: (1) Q1 FY26 (quarter ended June 30, 2025) unaudited standalone and consolidated financial results along with the auditor's limited review report. (2) Re-appointment of three Independent Directors — Mr. Surendra Kumar Mehta, Mr. Ajeet Anant Walavalkar, and Mr. Rajendra Kumar Jain — for a second 5-year term starting mid-2026. (3) Re-appointment of Mr. Karan Motwani as Managing Director for 5 years effective May 1, 2026 to April 30, 2031, subject to shareholder approval. (4) Resignation of Ms. Jyoti Chawda as Company Secretary & Compliance Officer effective August 9, 2025. (5) Re-appointment of Priya Choudhary & Associates LLP as Statutory Auditors for a second 5-year term. (6) Appointment of Shivam Sharma & Associates as Secretarial Auditors for a first 5-year term covering FY 2025-26 to FY 2029-30. All key appointments are subject to shareholder approval at the upcoming 6th AGM.
Most items are routine re-appointments and regulatory compliance actions, signalling board continuity. The notable change is the exit of the Company Secretary (a Key Managerial Personnel), which may create a short-term gap in compliance oversight until a replacement is announced.