Board of Directors approved and recommended the appointment of Shri. V. Shankar as Secretarial Auditors for a term of five years subject to approval of shareholders at ensuing AGM
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The Board of Directors of MM Forgings Limited has approved and recommended the appointment of Shri. V. Shankar as the Secretarial Auditor of the company. The appointment is for a term of five years. This appointment is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM). Secretarial auditors are appointed to ensure compliance with various laws and regulations applicable to the company.
This is a routine compliance appointment required under the Companies Act and is unlikely to have any material impact on the stock price or shareholders. Shareholders will have the opportunity to approve or reject this appointment at the AGM.