Outcome of Board meeting held on August 29, 2025
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Sheraton Properties & Finance Ltd announced the outcomes of its Board meeting held on August 29, 2025. The Board approved the appointment of Rathi & Associates, Practicing Company Secretaries, as Secretarial Auditors for five consecutive years from FY 2025-26 to FY 2029-30. It also re-appointed M/s. M.R.V. & Co., Chartered Accountants, as Internal Auditors for FY 2025-26. Additionally, Mr. Nilesh Sheth (DIN: 09356319) was appointed as an Additional Director and Independent Director for a first term of five years (August 29, 2025 to August 28, 2030). All auditor and director appointments are subject to shareholder approval at the upcoming Annual General Meeting.
These are routine corporate governance changes and unlikely to have a material impact on the stock price. The addition of a new Independent Director with experience in the metal raw material trading sector brings fresh expertise to the board, which is a positive governance signal for minority shareholders.