Re-appointment of Directors, Re-appointment of Auditors and Approval of notice for calling of 22nd Annual General Meeting ( AGM ) of the Company for the financial year ended 31st March, 2026

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INNOVACAP · price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-1.6% vs market

Pharmaceuticals peers, median of 165sector+0.2%-1.1% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.1 pts less than its Pharmaceuticals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Innova Captab Limited's Board of Directors met on 25th May 2026 and approved the re-appointment of key personnel and auditors. The statutory auditor B S R & Co. LLP was re-appointed for a second term of 5 years (FY 2026-27 to 2030-31). Cost auditor Gurvinder Chopra and Co. and internal auditor Grant Thornton Bharat LLP were re-appointed for FY 2026-27. Mr. Manoj Kumar Lohariwala was re-appointed as Whole-Time Director and Mr. Vinay Lohariwala as Managing Director, both for 5-year terms starting 18th March 2027. Four Non-Executive Independent Directors (Mr. Sudhir Kumar Bassi, Ms. Priyanka Dixit, Mr. Mahendar Korthiwada, and Mr. Shirish Gundopant Belapure) were also re-appointed for 5-year terms starting 1st April 2027. All re-appointments are subject to shareholder approval at the 22nd AGM. The company also approved the notice for its 22nd AGM for FY ended 31st March 2026.

Likely market impact

This is a routine governance filing indicating continuity in leadership and audit arrangements. The board composition remains stable with all existing directors and auditors being re-appointed, which is generally neutral to positive for shareholders as no governance concerns are flagged.