Key Decisions Approved

1. Appointment of Statutory Auditors: Based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. S B C & Co., Chartered Accountants (FRN: 004673S) as the new statutory auditors. This appointment is in place of the retiring auditors, M/s. B R A N D & Associates LLP, Chartered Accountants (FRN: 012344S/S200101), who have completed their first term of five consecutive years and will retire at the conclusion of the ensuing Annual General Meeting (AGM).

  • The appointment of M/s. S B C & Co. is subject to shareholder approval at the 27th AGM.
  • If approved, their term will be for five consecutive years, from the conclusion of the 27th AGM until the conclusion of the 32nd AGM in calendar year 2031.
  • The audit will be conducted in accordance with Section 139 of the Companies Act, 2013.

2. 27th Annual General Meeting: The Board approved convening the 27th AGM on Tuesday, September 29, 2026, to be conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) facility as per MCA circulars.

3. AGM Documentation: The Notice of the 27th AGM, Directors' Report with annexures, and other documents forming part of the Annual Report for FY 2025-26 will be circulated to members in due course.

4. Appointment of Scrutinizer: Ms. Komal Singh, Practicing Company Secretary and Partner at RKS & Associates, Delhi, was appointed as Scrutinizer to oversee the e-voting process (both remote e-voting and e-voting at the AGM) in a fair and transparent manner.

5. Share Register Closure: The Register of Members and Share Transfer Books will remain closed from September 23, 2026, to September 29, 2026 (both days inclusive) for the purpose of the AGM.

6. Cut-off Date for Voting: The cut-off date for determining members entitled to vote through remote e-voting or e-voting at the AGM is September 22, 2026.

Meeting Details

The Board Meeting commenced at 12:30 PM IST and concluded at 03:15 PM IST on September 02, 2026.

Additional Information on New Auditor (Annexure-I)

  • Firm Name: M/s. S B C & Co., Chartered Accountants
  • FRN: 004673S
  • Peer Review Certificate: No. 021792, valid up to July 31, 2028
  • Reason for Change: Retirement of previous auditors after completion of their five-year term
  • Effective Date of Appointment: Subject to shareholder approval at the 27th AGM
  • Term: Five consecutive years
  • Profile: Head office in Hyderabad with branches in Delhi, Mumbai, Visakhapatnam, Vijayawada, Bangalore, Tirupati, and Chennai. The firm has 14 partners and 128 staff members. It holds a valid peer review certificate and is eligible for statutory audit of listed companies.
  • Services Offered: Statutory audit, internal/management audit, tax audit, GST audit, process/transaction audit, due diligence, forensic and risk audit, IPO readiness, company secretarial support (including DRHP drafting, SEBI/stock exchange compliance), and accounting advisory across IGAAP, Ind AS, US GAAP, and IFRS.
  • Industry Experience: Services clients across manufacturing, hospitality, retail, media and entertainment, pharma and healthcare, infrastructure and real estate, IT/ITES, gems and jewellery, technology, FMCG, and financial services.
  • Team Expertise: Core team includes professionals with Big 4 backgrounds (KPMG, EY, Deloitte, PwC-affiliate Lovelock & Lewes) in areas such as direct and international taxation, transaction tax and valuations, IFRS/Ind AS/US GAAP reporting, forensic and risk advisory, and virtual CFO services.