The Board of Directors has inter alia approved to a. Increase the sitting fees of the Independent and Non-executive directors within the limit prescribed under the Companies Act, 2013. b. ....
KANCHI · price
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Kanchi Karpooram Ltd's board, at its meeting on 27th May 2025, approved a sharp increase in sitting fees for Independent and Non-Executive Directors from Rs. 2,500 to Rs. 10,000 per meeting — a four-fold rise — applicable to Board, Audit Committee, Nomination & Remuneration Committee, Stakeholders' Relationship Committee, and CSR Committee meetings, effective 1st April 2025. The board also re-appointed M/s. R. Subramanian & Co LLP as Internal Auditors and M/s. N. Sivashankaran & Co as Cost Auditors for FY 2025-26, both on the recommendation of the Audit Committee. Additionally, several company policies were reviewed and approved. The fee revision is within the limits prescribed under the Companies Act, 2013. Both audit firms have long-standing track records — R. Subramanian & Co LLP has 51 years of audit experience with 14 partners, while N. Sivashankaran & Co brings 30+ years in cost audit and compliance.
The sitting fee hike is a routine governance matter and unlikely to materially impact shareholders or stock price, though it raises director compensation costs modestly. Re-appointment of existing auditors signals continuity in financial oversight.