Indian Bank has informed the Exchange regarding Change in Auditors of the company.
INDIANB · price
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Indian Bank has appointed M/s Shanmugam Rajendran & Associates LLP as its new Secretarial Auditor for a five-year period covering FY 2025-26 to FY 2029-30. This was approved by shareholders at the 19th Annual General Meeting held on 17 June 2025. The previous firm, M/s V Gopalan & Associates, which was appointed for FY 2024-25, has ceased to be the Secretarial Auditor after completing its term. The new firm is a peer-reviewed LLP incorporated in 2017, based in Chennai, with experience in corporate law, securities laws, banking and FEMA compliance.
This is a routine change of Secretarial Auditor (not the statutory auditor) after the prior firm completed its one-year term, with the new firm appointed for a longer five-year tenure. No material impact on shareholders or the stock price is expected from this governance update.