Disclosure of appointment of statutory auditor of the Company for second term approved by shareholders at 23rd Annual General Meeting held on 30th September, 2025
MARKOLINES · price
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Markolines Pavement Technologies informed BSE about three key approvals at its 23rd AGM held on 30th September 2025. Shareholders approved the re-appointment of M/s. Jay Gupta & Associates as statutory auditor for a second 5-year term, running until the 28th AGM in FY 2029-30. M/s. DSM & Associates was appointed as the secretarial auditor for a first 5-year term covering the same period. Additionally, shareholders approved an amendment to the Articles of Association to insert a new clause enabling the company to introduce an Employee Stock Option Scheme (ESOP) in the future.
Routine governance update with no material impact on shareholders — auditor continuity signals stability, while the ESOP clause paves the way for a future employee incentive scheme that could dilute equity if implemented.