Announced Thu, 23 Jul · 20:19 IST
New statutory auditors appointed; Varadarajan reappointed as Wholetime Director
Management Changes View source PDF
RAJSREESUG · price
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Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹30.26
prior close
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After-mkt
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AI summary
At the 40th AGM on 23 July 2026, shareholders approved appointing M/s. Karthikeyan and Jayaram, Chartered Accountants, as new Statutory Auditors for five years from FY2026-27 to FY2030-31. They replace M/s. S. Krishnamoorthy and Co., whose two consecutive five-year terms ended. Mr. R. Varadarajan, with the company since 1987, was reappointed as Director and as Wholetime Director for five years from 5 June 2026 to 4 June 2031.
Likely market impact
Routine governance. Auditor rotation is mandatory after two consecutive five-year terms. No material business impact expected.