Appointment of Secretarial Auditor and Internal Auditor
MERCANTILE · price
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Mercantile Ventures has appointed M/s. KRA & Associates as its new Secretarial Auditor for a five-year term covering FY 2025-26 through FY 2029-30, subject to shareholder approval at the AGM on September 25, 2025. KRA & Associates is a peer-reviewed firm of practicing company secretaries founded in 1997, led by senior partner Mr. R. Kannan with over 15 years of experience in corporate governance and compliance. Separately, Chartered Accountant Ms. Ramya Ganapathy has been appointed as Internal Auditor for FY 2025-26 at a quarterly remuneration of Rs. 15,000. Both appointments were approved at the Board meeting held on August 4, 2025.
These are routine governance and compliance appointments with no material impact on shareholders or the stock price. The shareholder vote on the secretarial auditor is a standard regulatory requirement and is unlikely to face opposition.