Change in Management w.r.t a) Appointment of Dr Shrikant Baldi as Independent Director for a term of 5 years, b)Appointment due to retire by rotation of Mr. G S Gill, c) Appointment of ....
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At the AGM held on 16th September 2025, Shivalik Bimetal Controls appointed Dr. Shrikant Baldi as a Non-Executive Independent Director for a 5-year term ending September 15, 2030. Dr. Baldi is a former Chief Secretary of Himachal Pradesh with 38+ years in public administration and expertise in finance and planning. Mr. Gurmeet Singh Gill, associated with the company since 1998 as a Non-Executive Director, was re-appointed via the standard retire-by-rotation process. Additionally, the remuneration of Cost Auditor Mr. Ramawatar Sunar was ratified for FY 2025-26, and M/s. R Miglani & Co. was appointed as Secretarial Auditor for a 5-year period covering FY 2025-26 to FY 2029-30.
These are routine corporate governance updates with no material negative implications. The addition of an experienced bureaucrat with strong finance credentials should strengthen board oversight, while the standard re-appointment and auditor ratification signal continuity in operations.