Announced Thu, 21 Aug · 18:06 IST

As per PDF attached.

Management Changes View source PDF

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AI summary

The board approved several routine corporate items. ZADN & Associates was appointed as Internal Auditor for FY 2025-26, and Pramod S Shah & Associates as Scrutinizer for e-voting and Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). Mr. Ashwin Mehta, a retiring director, was reappointed by rotation. The Managing Director Mr. Jatin Jain's remuneration was revised to include a performance-linked variable component. The AGM is scheduled for 22nd September 2025, with the book closure window set from 10th to 19th September 2025.

Likely market impact

These are largely procedural and governance-related decisions with no material change to business. The revised MD remuneration with a performance variable aligns pay with results, which shareholders generally view positively. The five-year secretarial auditor appointment provides continuity in compliance oversight.