Board approves change of Internal Auditor effective July 2026

Board & Shareholder Meetings View source PDF

SWARAJENG · price

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AI summary

Swaraj Engines Board approved cessation of Mr. K. N. Vaidyanathan as Internal Auditor effective 30 June 2026, upon conclusion of his term as Group Chief Internal Auditor at holding company Mahindra and Mahindra. Mr. Vimal Agarwal, a Chartered Accountant and MBA with 25 years of experience across PepsiCo India, Mahindra Lifespaces, and Mahindra Holidays and Resorts, has been appointed as the new Internal Auditor effective 1 July 2026. Board meeting ran from 6:25 PM to 6:40 PM.

Likely market impact

Routine change aligned with parent M&M group leadership transition. Strong-profile replacement. No material impact expected.