We herewith submits the change in management as per the attached agenda
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Sidh Automobiles Ltd held a board meeting on May 8, 2025, and approved two key appointments. Ms. Srishty Bansal has been appointed as Internal Auditor for FY 2025-26. M/s Anuj Gupta & Associates has been appointed as Secretarial Auditor for 5 consecutive financial years, subject to shareholder approval. Notably, Ms. Srishty Bansal also serves as the Company's Company Secretary & Compliance Officer, which raises a potential conflict-of-interest concern since the same person holding both roles is generally not considered best practice. The headline's reference to 'change in management' appears misleading, as the actual decisions relate to auditor appointments, not management changes.
Routine auditor appointments are normal governance exercises, but the dual role of Company Secretary and Internal Auditor held by the same individual may draw scrutiny from governance-focused investors. Short-term stock impact is expected to be neutral.