Sagar Cements Limited has informed the Exchange regarding Board meeting held on May 12, 2025.
SAGCEM · price
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Sagar Cements' board, meeting on May 12, 2025, approved the re-appointment of Mrs. Onteddu Rekha as Non-Executive Independent Director for another 5 years, pending shareholder approval. The board also appointed M/s. BS R & Co., Chartered Accountants as the new statutory auditors for 5 years (from the 44th AGM in 2025 to the 49th AGM in 2030), replacing Deloitte Haskins & Sells whose term is ending at the upcoming AGM. Additionally, M/s. B S S & Associates were appointed as Secretarial Auditors for a similar 5-year term. The 44th Annual General Meeting has been scheduled for June 30, 2025, to be held via video conferencing.
These are largely routine governance updates - a standard director re-appointment and the mandatory rotation of statutory auditors. No negative signals for shareholders; the changes are procedural and align with regular compliance timelines.