Appointment of Internal Auditor and Re-appointment of Secretarial auditor of the company for the F.Y. 2025-26
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Awaiting price reaction for this filing.
The Board of Directors of Vinayak Polycon International Ltd met on August 13, 2025 and approved the un-audited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the Limited Review Report. Independent Director Mr. Mahendra Singh Bhandari (DIN: 03622017) resigned effective close of business hours on August 18, 2025, citing health issues, and confirmed there are no other material reasons for his exit. M/s V.M. & Associates was re-appointed as Secretarial Auditor and M/s Manish Damodar & Co. was appointed as Internal Auditor, both for FY 2025-26. The 16th Annual General Meeting was scheduled for September 27, 2025, to be held via video conferencing, with the register of members closed from September 21 to 27, 2025.
Routine quarterly business with no governance red flags. The Independent Director's exit is health-related and not indicative of any board-level concerns. Auditor continuity (re-appointment of secretarial auditor) signals stability. Minor negative optics from an Independent Director vacancy, but the company is a small-cap and the impact on share price is likely negligible.