Kavveri Defence & Wireless Technologies Limited has informed the Exchange regarding Outcome of Board Meeting held on August 30, 2025.
KAVDEFENCE · price
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Kavveri Defence's board, meeting held on August 30, 2025, accepted the resignation of statutory auditor M/s. J K Chopra & Associates (effective August 29, 2025, after completing the FY25 audit and June 2025 limited review) and appointed M/s. Rajagopal & Badri Narayanan, Chartered Accountants as the new statutory auditor to fill the casual vacancy, also recommending their appointment for a full 5-year term up to the 35th AGM (FY 2029-30). The board also noted the resignation of Company Secretary Mr. Ashwin H Kumar, citing health and medical reasons, effective close of business on August 30, 2025. M/s. Kumar & Raghuveer was appointed as Internal Auditor for FY 2025-26, and M/s. G Bhat & Associates as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30). The board approved the notice for the 30th AGM on September 30, 2025 at 10:00 am, with the record date fixed as September 23, 2025 and remote e-voting from September 27–29, 2025. The board also took note of an SOP fine levied by NSE (separate intimation to follow).
The simultaneous exit of both the statutory auditor and the company secretary could raise short-term governance concerns for retail investors, though the company has quickly appointed replacements for the statutory and internal audit roles. Investors should watch the AGM on September 30, 2025 for shareholder approval of the new statutory auditor, and await the separate intimation on the NSE SOP fine for clarity on any monetary penalty.