Submission regarding Appointment of Statutory Auditor of the Company
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Awaiting price reaction for this filing.
At the AGM held on 30 September 2025, shareholders approved several key appointments. M/s Anil Kamal Garg & Company, Chartered Accountants (Indore), was appointed as the new Statutory Auditor for a 5-year term (till AGM 2030), replacing M/s NKSJ and Associates who retired at the conclusion of the AGM. M/s P.S. Tripathi & Associates was appointed as Secretarial Auditor for FY2025-26 to FY2029-30. Three new Non-executive Independent Directors were also appointed for 5-year terms effective 1 October 2025: Mr. Abhishek Kanungo (electrical engineering background, 24 years in textiles), Mr. Rajendra Saxena (38 years in pharma/healthcare marketing), and Mrs. Varsha Ravindra Bhadoriya (4 years in social welfare at Collector Office, Indore).
These are routine governance appointments following the AGM. The auditor change is a normal statutory rotation, not a midterm resignation, so it carries no negative signal. Expanding the board with three independent directors strengthens the independent oversight on the board and is compliance-positive.