We are submitting herewith outcome of Board Meeting for appointment of CFO, Internal Auditor, Secretarial Auditor and Cost Auditor. You are requested to take the same on record.
Awaiting price reaction for this filing.
Girnar Spintex Industries (formerly Amit Spinning Industries) held a board meeting on May 17, 2025 and appointed Mr. Shrenik Deepak Choudhari as the new CFO with immediate effect. The board also reappointed Thigale Utturkar and Associates as Internal Auditor, Shrenik Nagaonkar & Associates as Secretarial Auditor, and Nilesh Ashok Chalke as Cost Auditor, all for FY 2025-26. The new CFO is a Chartered Accountant and notably is the son of Deepak Choudhari (CMD) and Madhubala Choudhari (Non-executive Director). The company is listed on both BSE (Scrip Code: 521076) and NSE (Scrip Code: ASIL).
The auditor reappointments signal continuity in compliance functions with no disruption expected. The CFO appointment draws attention as it places the promoter CMD's son in a key managerial position, which may raise governance questions among minority shareholders but is unlikely to move the stock in the short term.