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TENNIND · price
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The Board of Directors approved several key changes at its meeting on May 28, 2026: (1) Appointed KPMG Assurance and Consulting Services LLP as Internal Auditors for FY 2026-27, replacing the previous firm; (2) Appointed RPA & Partners as Secretarial Auditors for three years (FY 2026-27 to FY 2028-29), subject to shareholder approval; (3) Appointed Mr. Noah Jesse Falk (from Apollo Management) as Additional Non-Executive Director effective May 30, 2026, subject to shareholder approval within 3 months; (4) Accepted resignation of Mr. Utsav Baijal as Non-Executive Director effective May 30, 2026, citing personal commitments, with confirmation that no material reasons exist for the departure. Both the Nomination and Remuneration Committee and Risk Management Committee were reconstituted with new memberships effective May 30, 2026.
The new director appointment from Apollo Management (parent company) suggests continued alignment with the global group. The resignation of Mr. Utsav Baijal is routine with no red flags. Overall, this is a standard governance update with minimal direct stock price impact but reflects ongoing board evolution.