BSENidhi Granites LtdMediumNeutral
Announced Fri, 29 May · 16:27 IST

Re-appointment of Statutory Auditor for a period of five years, subject to the approval of members.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹355.00
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+4.7+9.4+13.2+14.1+14.1+18.3+10.8+4.1
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AI summary

Nidhi Granites Limited held a Board meeting on 29th May 2026 where it approved the standalone and consolidated audited financial results for FY ended 31st March 2026, with an unmodified audit opinion. The Board also approved the re-appointment of M/s. Jogin Raval & Associates as Statutory Auditors for a fresh five-year term (from the upcoming AGM until the AGM for FY 2030-31), subject to shareholder approval, following the completion of their previous five-year term. Additionally, Mr. Amit Sinkar and Mr. Amit Patankar were re-appointed as Non-Executive Independent Directors for a further five years w.e.f 15th June 2026. Both directors confirmed they are not related to any existing board members and are not debarred by SEBI.

Likely market impact

The re-appointment of the same auditor for another five-year term is a routine governance action with no red flags; the continuation of both independent directors maintains board stability.