Appointment of Secretarial Auditor and Reappointment of Cost Auditor
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The board of Source Natural Foods and Herbal Supplements Ltd met on August 13, 2025, and approved the unaudited financial results for Q1 FY26 (ended June 30, 2025), which received an un-modified (clean) review opinion from statutory auditors Srinaga & Giridharan. The board approved the appointment of Mr. Arvind Varchaswi as Managing Director for a 5-year term, subject to shareholder approval — he is the son of Mr. Narayanan Narasimhan, the existing Non-Executive Director and Chairperson, who was also recommended for reappointment via retirement by rotation. M/s. KKR & Associates was appointed as Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30, while M/s. Chiranjeevulu Jeelaga & Co. was reappointed as Cost Auditor for FY 2025-26. Related party transactions for the period October 2025 to September 2026 were also approved.
These are routine governance and compliance actions with no material financial impact. The MD reappointment provides leadership continuity, and the auditor appointments ensure regulatory compliance under SEBI LODR Regulations.