Board approves auditor changes, new directors, registered office shift to Gujarat
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Organic Coatings board on 14 July 2026 appointed Kamal Lalani as secretarial auditor for FY26-27 and ABSM & Associates as new internal auditor (replacing Dharmesh A. Shah). Two independent directors added: Ramanathan Ganesh and Subhash Ambubhai Patel. Board also approved shifting registered office from Maharashtra to Gujarat (subject to shareholder approval), reduction in directors' remuneration, and availed an INR 33.60 lakh working capital loan from Bank of Maharashtra.
Governance housekeeping: auditor swap, two new independent directors, registered office shift to Gujarat, and a small loan. Minimal material financial impact expected.