Board recommended the appointment of Secretarial Auditor
Price
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Awaiting price reaction for this filing.
The board, at its meeting on 26th July 2025, decided to hold the 35th Annual General Meeting on 29th September 2025 via video conferencing, with remote e-voting open from 26th to 28th September 2025. It recommended appointing M/s. Virendra Surana & Co., Chartered Accountants, as the new Statutory Auditor for a 5-year term (from the 35th AGM to the 40th AGM in 2030), following the completion of the existing auditor's term. It also recommended appointing M/s. Nishant Pandya & Associates, Practising Company Secretaries, as Secretarial Auditor for 5 consecutive years covering FY2025-26 to FY2029-30. Mr. Rishab Chhajer was appointed as an Additional Non-Executive Non-Independent Director from 26th July 2025, and the Stakeholders Relationship Committee was reconstituted with three members.
Routine governance housekeeping ahead of the AGM — auditor changes are due to the natural end of the existing statutory auditor's term, not any governance concern. Shareholders should note that the newly appointed director Mr. Rishab Chhajer is related to existing Director Ms. Sushma Chhajer, indicating promoter family involvement on the board, which is neutral but worth tracking. No material impact on share price is expected.