Independent Director and Statutory Auditor resign; new auditor appointed for 5 years
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board on 10 July 2026 recorded three items. Independent Director Ajay Nanik Chandwani resigned effective 13 June 2026 citing advancing age and health issues. Statutory Auditor PAMS and Associates stepped down effective 12 June 2026 due to geographical constraints after closing its Mumbai branch in 2024; no audit qualifications were flagged. New auditor S and S S and Associates appointed for 5 years (FY 2026-27 to 2030-31), subject to AGM approval. Also approved distribution of net proceeds from the earlier share consolidation's fractional share sale to eligible shareholders, after expenses and taxes.
Mid-term auditor change and independent director exit may raise brief governance questions, though no qualifications were reported. Shareholders will receive fractional share sale proceeds.