Intimation regarding proposed appointment of secretarial auditor in casual vacancy due to Non-availability of previously appointed Secretarial Auditor.
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Awaiting price reaction for this filing.
Kimia Biosciences is replacing its Secretarial Auditor, Mr. Harish Kumar of M/s Harish Kumar & Associates, who stopped responding to the company's repeated attempts to contact him and submitted his resignation on November 27, 2025 — barely two months after being appointed at the 32nd AGM for a five-year term. To avoid any break in statutory compliance, the company proposes to appoint Mr. Maghisuddin of M & Co. as the new Secretarial Auditor for FY 2025-26, filling the casual vacancy until the next AGM. The Board is scheduled to consider this appointment at its meeting on December 2, 2025.
This is largely a routine administrative change and should not directly affect the stock price or operations. However, the unusually short tenure of the previous auditor (resigned within ~2 months of appointment) may prompt retail investors to keep an eye on the company's governance disclosures going forward.