Walchandnagar Industries Limited has informed the Exchange regarding Board meeting held on September 29, 2025.
WALCHANNAG · price
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The Board of Directors of Walchandnagar Industries met on September 29, 2025, and approved the appointment of Mr. Kaustubh Gandhalikar as the Chief Internal Auditor, effective October 1, 2025. Mr. Gandhalikar is a qualified CA (Inter) and Cost Accountant with an M.Com. from Pune University, and brings over 20 years of experience in finance, governance, risk, compliance, and internal audit across India, UK, USA, Europe, and the Middle East. He has previously held senior roles, including CFO positions at Aim Capital Ltd., a Dubai-based family manufacturing group, and Red Sky Management Consulting, and also worked at HCL Technologies. He is not related to any Director on the Board. The board meeting lasted just 20 minutes, from 4:00 p.m. to 4:20 p.m.
This is a routine governance strengthening move — appointing a seasoned internal audit head with global experience. It signals a focus on tightening internal controls and risk management, but is unlikely to move the stock price on its own.