Intimation under Regulation 30 of SEBI LODR regarding Change in Management
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Awaiting price reaction for this filing.
At the 16th Annual General Meeting held on September 19, 2025, shareholders of Universal Autofoundry Ltd approved two key items. First, M/s Arms & Associates LLP, a Jaipur-based peer-reviewed firm of Company Secretaries, was appointed as the Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030. Second, Mr. Vimal Chand Jain (DIN: 00295667) was formally appointed as Chairman and Managing Director for 5 years effective August 6, 2025, after being recommended by the Nomination and Remuneration Committee and the Board. Mr. Vimal Chand Jain has been on the board since the company's inception and holds a B.E. (Electrical) from Osmania University. His sons, Mr. Vinit Jain (CFO & Wholetime Director) and Mr. Vikram Jain (Wholetime Director), are also on the board, indicating a promoter-family-led management structure.
This is a routine governance update providing leadership continuity for the next 5 years. The CMD reappointment is not a new external hire, so it is unlikely to move the stock meaningfully. No governance red flags were disclosed.