Key Business Transacted
1. Appointment of Internal Auditor:
- The Board, based on the recommendation of the Audit Committee, approved the appointment of M/s. Prince Kumar & Associates, Chartered Accountant, as the Internal Auditor for the financial year 2026-27.
- The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- Details of Appointment:
- Reason for Change/Appointment: Appointment of M/s. Prince Kumar & Associates as Internal Auditor.
- Date of Appointment: Approved by the Board on 28th May 2026.
- Reason for choosing such auditor: The firm has vast experience as an Internal Auditor, a larger client base, and provides significant inputs that help improve the company's operations.
- Disclosure of relationships between directors: Not Applicable (NA).
2. Final Dividend Approval:
- The Board approved a final dividend of ₹1 per equity share for the financial year ended March 31, 2026. The face value of each share is ₹10.
- This dividend declaration is subject to the approval of the members (shareholders) of the Company at the ensuing Annual General Meeting (AGM).
Meeting Logistics
- The meeting of the Board of Directors was held on Thursday, 28th May 2026.
- The meeting commenced at 12:30 P.M. and concluded at 2:15 P.M.