BSESidh Automobiles LtdMediumNeutral
Announced Thu, 8 May · 18:15 IST

We herewith submit the revised change in management as per the attached agenda

Management Changes View source PDF

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AI summary

On May 8, 2025, the board of Sidh Automobiles approved three items. First, Ms. Srishty Bansal (who is also the Company's Company Secretary & Compliance Officer) was appointed as Internal Auditor for FY 2025-26. Second, M/s Anuj Gupta & Associates, a peer-reviewed firm, was appointed as Secretarial Auditor for 5 consecutive financial years, pending shareholder approval. Third, Mr. Anil Sharma was re-appointed as Managing Director for another 5-year term, also subject to shareholder approval at the upcoming AGM. Mr. Sharma has been serving as MD since May 27, 2010.

Likely market impact

These are routine governance and audit-related appointments. No major change in leadership or strategy is signaled, though shareholders should note that the same person holds both the Company Secretary and Internal Auditor roles, which may raise questions on independence at the AGM where these items are voted on.