Appointment of Secretarial Auditor M/s. Dholakia and associates LLP, Practicing Company Secretaries for a period of Five Years.
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Terraform Magnum's board, at its meeting on May 30, 2025, approved the audited financial results for Q4 and FY ended March 31, 2025. Two new Non-Executive Independent Directors — Mrs. Renuka Gautam and Mr. Vineet Mishra — were appointed for a 5-year term each to fill casual vacancies created by the prior independent directors completing their second and final term on March 31, 2025. M/s. Dholakia & Associates LLP was also appointed as Secretarial Auditor for a 5-year term. Board committees (Nomination & Remuneration, and Audit) were reconstituted with the new directors, with Mrs. Renuka Gautam chairing both. The 43rd Annual General Meeting, originally scheduled for June 26, 2025, has been postponed to a later date due to certain exigencies.
Routine board reconstitution and governance appointments with no negative implications for shareholders. The AGM postponement may cause a short delay in shareholder voting on these appointments, which still require shareholder approval via special resolution.