Appointment of Secretarial Auditors of the Bank
SOUTHBANK · price
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The South Indian Bank's shareholders approved the appointment of M/s. SVJS & Associates, Company Secretaries, as the bank's Secretarial Auditors at the 97th Annual General Meeting held on August 20, 2025. The appointment, based on the Board of Directors' recommendation, is for a period of 5 consecutive years from FY 2025-26 to FY 2029-30. It is being done to comply with Regulation 24A of SEBI (LODR) Regulations 2015 and Section 204 of the Companies Act, 2013. SVJS & Associates is a Kochi-based firm of practising company secretaries founded in 2008, with 55 team members across Kochi, Bengaluru, Chennai, and Mumbai, and is peer-reviewed by ICSI.
This is a routine regulatory compliance announcement and is unlikely to have any material impact on the stock price or shareholders. It simply fulfils the mandatory secretarial audit requirement under SEBI and Companies Act rules.