1. The appointment of M/s Prabhash Parashar & Associates as Secretarial Auditor for the financial year 2024-25. 2. The appointment of M/s. APJ & Co. as Internal Auditor for the financial ....
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The Board of MFL India Limited, at its meeting on June 23, 2025, approved the appointment of M/s Prabhash Parashar & Associates as Secretarial Auditor and M/s APJ & Co. as Internal Auditor, both for the financial year 2024-25. The Board also approved the reclassification of Mr. Vineet Arora from the 'Promoter and Promoter Group' category to the 'Public' category, as he is not on the board and holds less than 10% voting rights. Mr. Vineet Arora holds 15,12,602 equity shares, representing 0.42% of the company's shareholding. The reclassification is subject to shareholder approval and stock exchange no-objection. The Board meeting lasted from 3:00 PM to 4:00 PM and was signed off by Managing Director Anil Thukral.
Routine governance update with no major business impact. The auditor appointments are standard annual compliance matters, while the promoter reclassification signals a minor reduction in the formal promoter group, though it requires further shareholder and exchange approval before becoming effective.