Re- appointment of Directors retiring by Rotation at the AGM
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At the AGM held on September 30, 2025, shareholders approved the re-appointment of Mr. Singaravelou (Non-Executive Director) and Ms. Deepti Mantri (Whole Time Director), both retiring by rotation. The company also appointed M/s NRG Associates, Chartered Accountants (Chennai-based, peer-reviewed firm since 1997), as Statutory Auditor for a 5-year term covering FY2025-26 to FY2029-30. Mr. V P Rajeev, a Practicing Company Secretary, was appointed as Secretarial Auditor for the same 5-year period. Additionally, shareholders approved material related party transactions with FSH Business Ventures Private Limited (where company directors hold board positions) valued at ₹15 crores per year for three years starting FY2025-26, representing approximately 15% of annual consolidated turnover.
This is a routine AGM outcome with no change in management — existing directors continue by rotation and fresh auditors have been locked in for 5 years, which is standard. The ₹15 crore annual related party transactions with FSH Business Ventures are notable as they involve directors on both sides, so retail investors should monitor how these inter-company dealings are disclosed in future financial statements.