KITEXNSEKitex Garments Limited· Textile ProductsMediumNeutral
Announced Mon, 23 Jun · 16:31 IST

Kitex Garments Limited has informed the Exchange about appointment of Internal Auditor and Secretarial Auditor of the Company

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Kitex Garments has informed the stock exchanges that its Board, at a meeting on June 23, 2025, approved two auditor appointments. K. Venkatachalam Aiyer & Co, Chartered Accountants, has been appointed as the Internal Auditor for FY 2025-2026. SVJS & Associates, Practicing Company Secretaries based in Kochi, has been appointed as the Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval at the next Annual General Meeting. Both appointments were made on the recommendation of the Audit Committee as per SEBI Listing Regulations.

Likely market impact

This is a routine compliance announcement with no direct impact on shareholders' wealth or stock price. The long five-year tenure for the Secretarial Auditor signals governance continuity, while shareholder approval for that appointment will be sought at the upcoming AGM.