Sterlite Technologies Limited has informed the Exchange regarding Change in Auditors of the company.
STLTECH · price
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Sterlite Technologies' board approved multiple leadership changes on May 16, 2025. Mr. Pravin Agarwal, Vice Chairman and brother of Anil Agarwal and father of MD Ankit Agarwal, has been re-appointed as Whole-time Director for a further 5-year term starting October 30, 2025. Mr. Ajay Jhanjhari, a Chartered Accountant with 15+ years of internal experience and previously CFO of the Optical Networking Business, has been appointed as Interim CFO of the company effective immediately. Ms. Anjali Byce, Chief Human Resources Officer, resigned to pursue opportunities outside the company and will be relieved by July 11, 2025. Additionally, M/s. J B Bhave & Co was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
The interim CFO appointment signals a leadership gap at the top finance role, which may concern investors looking for stability, though Mr. Jhanjhari is an internal candidate with familiarity. The CHRO departure is a non-financial, people-function exit and unlikely to materially impact stock price. Re-appointment of the Vice Chairman ensures continuity of promoter family oversight at the board level.