Nureca Limited has informed the Exchange regarding Appointment of Mr.Rajinder Sharma as Executive D of the company w.e.f. May 28, 2025 for a period of 5 years .
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Nureca Limited's board, at its May 5, 2025 meeting, approved audited standalone and consolidated financial results for Q4 and FY25 with an unmodified auditor opinion from B S R & Co. LLP; the standalone results reflect a net loss for the year. B S R & Co. LLP will be replaced by M/s Singhi & Co as Statutory Auditors for a 5-year term starting from the 9th AGM. The board also approved the in-principle merger of wholly owned subsidiary Nureca Technologies Private Limited (FY25 revenue Rs. 228.14 million, net worth Rs. 53.94 million) into Nureca Limited, which will not change the shareholding pattern. New internal auditor (MGSG and Associates) and secretarial auditor (A. Arora & Company) were appointed. Re-appointments for a second 5-year term were approved for three independent directors (Ms. Charu Singh, Ms. Ruchita Agarwal, Mr. Vijay Kumar Sharma) and Whole-time Director Mr. Rajinder Sharma, effective May 28, 2025. Director Mr. Saurabh Goyal, who retires by rotation, was re-appointed, with the 9th AGM scheduled for June 16, 2025.
Shareholders should note the standalone net loss for FY25 and the natural rotation of statutory auditors. The subsidiary merger simplifies the group structure at no cost to shareholders, while broad-based director re-appointments signal board continuity rather than any governance disruption.