Announced Tue, 21 Jul · 11:33 IST
New Statutory Auditor appointed for 5-year term
Management Changes View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹1054.95
prior close
₹1070.05
base price
In-mkt
timing
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+1.6+1.6+1.6—+0.9+1.9-1.9+2.0——————
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AI summary
Shareholders at the 44th AGM on 20 July 2026 approved the appointment of M/s S Krishnamoorthy and Co, Chartered Accountants (Coimbatore, over five decades of experience) as the new Statutory Auditor for 5 years covering FY2026-27 to FY2030-31. They replace M/s Subbachar and Srinivasan, who retired after completing two consecutive 5-year terms as mandated under the Companies Act.
Likely market impact
Routine mandatory auditor rotation with no governance concerns; ensures compliance with Companies Act audit rotation rules.