Announced Mon, 29 Jun · 18:05 IST
Maxgrow India board appoints internal auditor and new independent director
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+4.3%1-day move
₹50.01
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AI summary
On June 29, 2026, Maxgrow India's board approved two items. First, it appointed V.G. Kamat and Associates, Chartered Accountants as internal auditor for FY 2026-27 (1-year term). Second, it appointed Dr. M Krishnan (DIN 07034128) as additional non-executive independent director for 5 years. Dr. Krishnan brings 37 years of banking experience, including over 20 years with Canara Bank in India and 4 years in Hong Kong. His appointment needs shareholder approval within 3 months.
Likely market impact
Routine governance update. New independent director with banking expertise strengthens the board. No material financial impact expected.