Jeena Sikho Lifecare Limited has informed the Exchange regarding Change in Auditors of the company.
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Jeena Sikho Lifecare's board, meeting on August 27, 2025, approved multiple items. It cleared an Employee Stock Option Scheme (ESOP 2025) covering up to 2,50,000 stock options at an exercise price of just Rs. 2 per share (face value), pending shareholder approval. Mr. Sahil Jain, an internal candidate with 8+ years at the company (previously heading IT, Marketing, Call Center and Admin), was appointed as Chief Operating Officer (COO). M/s Ankur Singh & Associates was appointed as Secretarial Auditor for a 5-year first term (FY 2025-26 to FY 2029-30). Importantly, Ms. Shreya Grover, daughter of Managing Director Mr. Manish Grover, was re-designated from Non-Executive Director to Whole-Time Director (a Key Managerial Personnel role) for 5 years. The board also confirmed a Final Dividend of Rs. 1.10 per equity share (face value Rs. 2) for FY25 and set September 29, 2025 as the date of the 8th AGM, with the record date as September 22, 2025.
The elevation of the promoter's daughter to a whole-time executive role tightens promoter family control over day-to-day operations, which investors should weigh against governance considerations. The ESOP at face-value pricing is highly employee-friendly and will cause mild equity dilution once granted. The dividend of Rs. 1.10 on a Rs. 2 face value signals a generous payout for shareholders. Overall, the changes reinforce promoter stewardship while expanding the leadership bench.