Intimation of approval by members for appointment of Independent Director and Secretarial Auditor of the Company, at 48th Annual General Meeting of the Company held on 30th July, 2025.
MENNPIS · price
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Menon Pistons Ltd informed the stock exchange that shareholders at the 48th Annual General Meeting held on 30th July 2025 approved two appointments that were earlier cleared by the Board. The first is Mr. Ravindra Purohit (DIN: 06982157) as an Independent Director for a three-year term running from 7th May 2025 to 6th May 2028. Purohit is a retired economist with 34 years of experience, having worked with Tata group companies. The second is M/s. DVD & Associates, Company Secretaries (led by CS Devendra V Deshpande, former ICSI President) as the Secretarial Auditor for five consecutive years from FY 2025-26 to FY 2029-30. Both appointments were originally recommended by the Nomination & Remuneration Committee and Audit Committee respectively, and have now received shareholder ratification.
This is a routine governance and compliance update with no material financial impact. The appointments strengthen the board's independence and lock in the secretarial auditor for a five-year term, which is positive for governance continuity but unlikely to move the stock price.