Outcome of Board meeting held on August 29, 2025
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The Board of Speedage Commercials Ltd met on August 29, 2025 and approved three items. First, it appointed M/s. Rathi & Associates, Practicing Company Secretaries, as the Secretarial Auditors for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval. Second, it re-appointed M/s. M.R.V. & Co., Chartered Accountants, as the Internal Auditors for FY 2025-26. Third, it appointed Mr. Nilesh Sheth (DIN: 09356319) as an Additional Director and Independent Director for a first term of five years (August 29, 2025 to August 28, 2030), subject to shareholder approval at the upcoming AGM. Mr. Sheth has experience in the metal raw material trading and supply sector. All appointments are pending shareholder ratification at the next Annual General Meeting.
These are routine corporate governance and compliance-related appointments with no direct material financial impact on shareholders. Adding a new Independent Director strengthens the board's oversight, while the auditor appointments are standard regulatory requirements under SEBI listing rules.