New auditor recommended; CPO appointed, HR head moves to business role
TIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tube Investments board has recommended Price Waterhouse Chartered Accountants (PwC) as new statutory auditors for five years, from the 18th AGM to the 23rd AGM. Current auditor S R Batliboi & Associates completes its second term. The board also appointed Mr. S Venkataraman as Chief People Officer and Senior Management Personnel, with about 25 years of HR and industrial relations experience. Mr. R B Selvakumar, EVP and Head HR, steps out of senior management to take up a business role.
Routine statutory auditor rotation after two terms; senior management reshuffle in HR with new CPO appointment. Minimal material impact expected.