Disclosure Context
This is a regulatory disclosure filed with The Stock Exchange, Mumbai under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The disclosure pertains to the appointment of a Secretarial Auditor and includes certified copies of resolutions passed by shareholders and the Board of Directors.
Shareholder Approval Details
The appointment of Mr. S Hari Krishnan, Practicing Company Secretary (Membership No: A29583; CP No.13740; Peer Reviewer No.3100, Chennai) as Secretarial Auditor was approved by shareholders through an ordinary resolution passed at the 32nd Annual General Meeting held on September 28, 2026.
Appointment Terms
The appointment is for a period of five financial years:
- From: Conclusion of 32nd AGM (September 28, 2026)
- To: Conclusion of 37th AGM (to be held in 2031)
- Covers financial years: April 1, 2026 - March 31, 2027 through April 1, 2030 - March 31, 2031
Board Ratification
The Board of Directors at their meeting held on November 14, 2026:
- Took on record the ordinary resolution passed by shareholders
- Authorized Mr. B Popatlal Kothari, Managing Director (DIN: 00594168) to issue the necessary Letter of Appointment to the Secretarial Auditor
Secretarial Auditor Details
Mr. S Hari Krishnan has approximately 12 years of continuous practice as a Company Secretary and provides advisory and compliance solutions in corporate laws, statutory and secretarial matters.
Remuneration Details
The proposed fees payable for secretarial audit and annual secretarial compliance report (excluding certification and reimbursements) has been fixed at ₹2,00,000 (Two Lakh Rupees) per annum. The fee was determined after considering knowledge, professional expertise, industry experience, and the overall time effort required for the secretarial audit.
Governance Aspects
The appointment was recommended by the Audit Committee and the Board of Directors. No Directors or Key Managerial Personnel of the company are concerned or interested in this resolution.