BSEMackinnon Mackenzie & Company LtdMediumNeutral
Announced Thu, 31 Jul · 19:41 IST

Pursuant Regulation 30 and other applicable Regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that Board of Directors of the ....

Management Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of Directors of Mackinnon Mackenzie and Company, at its meeting held on July 31, 2025, approved the appointment of M/s Nishtha Khandelwal and Associates, a peer-reviewed firm by ICSI, as the new Secretarial Auditor of the Company. The new auditor will serve for a period of 5 years covering FY 2025-26 to FY 2029-30, subject to shareholder approval. This appointment replaces M/s M P Sanghavi and Associates LLP, which was appointed as Secretarial Auditor just about two months ago at a Board Meeting on May 30, 2025. The Board cited 'proximity of the firm' as the reason for the change. The Board meeting ran from 3:00 p.m. to 6:00 p.m., and the disclosure was signed by Director Mr. Nandkishor Y. Joshi.

Likely market impact

Routine governance update with no immediate financial impact, though the unusually quick replacement of a secretarial auditor appointed just two months earlier may invite questions from shareholders about the original appointment process.