Rama Phosphates Limited has informed the Exchange about change in Management
RAMAPHO · price
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Rama Phosphates' board, at its meeting on May 14, 2025, approved the appointment of retired Air Marshal Naresh Verma as a Non-Executive Independent Director for a five-year term, subject to shareholder approval. The board also appointed M/s. Ashok Patel & Associates as Secretarial Auditor for five financial years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. Additionally, Mr. Arun Agrawal was re-appointed as Cost Auditor for FY 2025-26 across Pune, Indore, Udaipur, and Nimbahera units. Internal auditors for all four units were also re-appointed for FY 2025-26. The new independent director brings defence services and advisory experience to the board.
These are routine governance and audit-related appointments with no material impact on operations or financials. Shareholders will need to approve the new independent director and secretarial auditor at the upcoming AGM.