Update on Appointment of Secretarial Auditor
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The board appointed M/s. HRU & Associates (led by Mr. Himanshu Rohit Upadhyay) as the company's Secretarial Auditors for a 5-year term covering FY 2025-26 to 2029-30. Mr. Hozef Abdulhussain Darukhanawala, the existing promoter and Managing Director, has been re-appointed as MD for a 3-year term from October 1, 2025 to September 30, 2028. Mr. Darukhanawala is 67 years old, a commerce graduate, and brings around 35 years of banking experience, having managed the company since inception. Both decisions are subject to shareholder approval at the upcoming 31st Annual General Meeting.
These are routine governance actions with no material change — the existing promoter-MD continues in his role and a new secretarial auditor is onboarded for a standard long-term tenure. Shareholders should see continuity in leadership and no expected change in business direction.