BSESayaji Industries LtdMediumNeutral
Announced Wed, 28 May · 14:43 IST

Appointment of Mr. Ambrish Gandhi & Associates as Secretarial Auditor for the period of 5 years subject to member''s approval in forthcoming AGM.

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AI summary

The Board of Sayaji Industries, on the recommendation of the Audit Committee, has approved the appointment of M/s Ambrish Gandhi & Associates, Practicing Company Secretaries based in Ahmedabad, as the Secretarial Auditor of the company. The appointment is for a period of five consecutive years, covering FY 2025-26 to FY 2029-30. The firm will handle secretarial audit, non-disqualification certification of directors, and corporate governance certification as required under SEBI's Listing Regulations. The appointment is subject to shareholder approval at the forthcoming Annual General Meeting. M/s Ambrish Gandhi & Associates is a peer-reviewed firm established in 2003 with over 22 years of experience in corporate law, FEMA, SEBI, and RBI-related compliances. Remuneration will be determined by the Board in consultation with the auditor.

Likely market impact

This is a routine regulatory compliance-related appointment with no material impact on the stock price or shareholder value. Shareholders will get to vote on the appointment at the upcoming AGM.