Procter & Gamble Health Limited has informed the Exchange about appointment of secretarial auditors of the Company, subject to approval of the shareholders of the Company.
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Procter & Gamble Health Limited has informed the stock exchange about the appointment of secretarial auditors for the Company. The appointment is subject to the approval of the shareholders. Secretarial audit is a mandatory annual compliance requirement under the Companies Act, 2013, to verify that the company is following proper corporate governance and legal procedures. No specific details about the name of the auditor or the term were disclosed in this filing.
This is a routine compliance-related disclosure and is unlikely to have any material impact on the stock price or shareholders. Investors should wait for shareholder approval confirmation and details of the appointed firm.