Kritika Wires Limited has informed the Exchange regarding 'Appointment of Internal and Secretarial Auditors of the Company'.
KRITIKA · price
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Kritika Wires' board, at its meeting on August 14, 2025, approved the Board's Report for FY25 and revised remuneration for three directors: Managing Director Hanuman Prasad Agarwal (up to Rs. 60 lakh p.a.), Director Naresh Kumar Agarwal (up to Rs. 20 lakh), and Director Ankush Agarwal (up to Rs. 45 lakh), subject to shareholder approval. Two independent directors, Mr. Niraj Jinal and Mr. Shiv Kumar Saraff, resigned, and the board appointed Mr. Joyjit Das and Mrs. Sarika Kedia as new Additional Non-Executive Independent Directors for 5-year terms to fill these casual vacancies. RSG & Associates was appointed as Secretarial Auditor for 5 years, and M. Kumar Jain & Co. was re-appointed as Internal Auditor for FY26. The Audit, CSR, Nomination & Remuneration, and Stakeholders Relationship Committees were reconstituted with the new independent directors. The 21st AGM is scheduled for September 24, 2025 via video conferencing.
The changes reflect a routine board refresh rather than any distress signal — two independent directors were replaced and new auditors appointed, all pending shareholder approval at the AGM. The remuneration hike for promoter-family directors will be a key point for shareholders to evaluate at the upcoming AGM.