Semac Construction Limited has informed the Exchange regarding Board meeting held on August 11, 2025. for appointment of Statutory Auditors and Managing Director.
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Semac Construction's board, at its meeting on August 11, 2025, approved the appointment of M/s. Suresh Surana & Associates LLP (part of RSM International) as the new Statutory Auditors for a 5-year term, replacing M/s. S.S. Kothari Mehta & Co. LLP whose term ends at the 48th AGM. The board also approved the re-appointment of Mr. Abhishek Dalmia as Chairman and Managing Director for another 5-year term effective April 1, 2026, subject to shareholder approval. Mr. Dalmia is a Chartered Accountant, value investor, and is related to existing directors Mrs. Deepali Dalmia and Mr. Harivansh Dalmia, indicating continued promoter family leadership. The new auditor firm RSM India has around 3,000 personnel across 13 cities and ranks among India's top 6 audit and consulting groups.
These are routine governance updates — a planned auditor rotation at the end of the existing auditor's term and a continuity decision on the MD's leadership. No negative governance signals; shareholders can expect a new auditor (RSM India) to bring a fresh perspective, while existing management and promoter family control remain unchanged.