BSEINDO SMC LtdMediumNeutral
Announced Tue, 19 May · 19:22 IST

Appointment of Secretarial Auditor

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+10.0%1-day move
₹225.00
prior close
₹235.80
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0+0.0+10.0+15.5+21.3+21.7+20.9+31.2+20.0+57.0+64.4
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AI summary

The Board of Directors of INDO SMC Ltd has appointed M/s. Sunil Mulchandani & Associates, a Practicing Company Secretaries firm based in Ahmedabad, as the Secretarial Auditor of the Company. The appointment is for a term of five consecutive financial years (F.Y. 2025-26 to F.Y. 2029-30). The appointment was approved on May 19, 2026 based on the recommendation of the Audit Committee. The appointment is subject to approval by shareholders at the forthcoming Annual General Meeting. The appointed auditor is a proprietary firm led by CS Sunil A. Mulchandani with 11 years of experience, including prior work as Company Secretary at a BSE-listed company.

Likely market impact

This is a routine corporate governance disclosure with no material impact on shareholders. The appointment follows standard procedure with Audit Committee recommendation and shareholder approval.