Appointment of Cost Auditor
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors met on June 5, 2025 and approved several items. The 44th AGM is scheduled for August 25, 2025, with book closure from August 19-25, 2025 and record date of August 18, 2025. A dividend of Rs. 4 (40%) per equity share of Rs. 10 face value has been recommended for FY ending March 31, 2025, subject to shareholder approval. Two new directors were appointed: Sri. Sudesh Koti Reddy as Non-executive Independent Director (5-year term) and Sri. Vedhanth Senthilkumar as Non-executive Non-Independent Director, who is related to the Chairperson/Managing Director Smt. Nethra J.S. Kumar and Director Sri. D. Senthilkumar. Sri. Arjun Balu has been recommended for re-appointment as Independent Director for a second 5-year term starting May 28, 2026. The Cost Auditor, Internal Auditor, and a new Secretarial Auditor (5-year term) were also appointed/re-appointed.
Routine governance and compliance updates with no negative signals. The dividend confirmation is positive for shareholders. The appointment of a promoter-family member (Vedhanth Senthilkumar) to the board signals continued family involvement in the company's leadership, which investors should note for governance assessment.