AGM approves 2 Independent Directors, Secretarial Auditors and Statutory Auditors for 5 years each

Shareholders at the 52nd AGM (30 Sep 2026) approved appointing Mr. Joga Singh and Mr. Vineet Gupta as Independent Directors for 5 years.

Sat 3 Oct 2026

AGM held

52nd AGM (30 Sep 2026)

Independent Directors appointed

Mr. Joga Singh and Mr. Vineet Gupta, 5 (five) consecutive years

Independent Directors term

29th August 2026 to 28th August 2031

Secretarial Auditors appointed

M/s. Baldev Arora & Associates, five (5) consecutive years, April 1, 2026 to March 31, 2031

Statutory Auditors appointed

M/s. C S Arora & Associates, 5 (five) years, from conclusion of 52nd AGM till conclusion of 57th AGM

Shareholders at the 52nd Annual General Meeting approved three appointments on the recommendation of the Board of Directors. The update sets out the details of each.

Independent Directors

• Mr. Joga Singh (DIN: 11886274) and Mr. Vineet Gupta (DIN: 11886353) have been appointed as Independent Directors (Non-executive) for a term of 5 (five) consecutive years, with effect from 29th August 2026 to 28th August 2031.
• Mr. Joga Singh is a professional with 23 years of experience in the power sector and environmental management, including handling air and water pollution control systems and regulatory compliance for major industrial projects.
• Mr. Vineet Gupta is a finance and accounts professional with experience in accounting, financial management and business operations, and 21 years of experience as an accountant.

Secretarial Auditors

• M/s. Baldev Arora & Associates, Practicing Company Secretaries, are appointed Secretarial Auditors for five (5) consecutive years, with effect from April 1, 2026, for the audit period commencing from FY 2026-27 till FY 2030-31 (April 1, 2026 to March 31, 2031).
• The firm is a proprietorship under CS Baldev Raj Arora, a Fellow Member of the Institute of Company Secretaries of India, with 35 years of experience in whole-time employment and whole-time practice; he started practice in 2003.

Statutory Auditors

• M/s. C S Arora & Associates, Chartered Accountants (FRN 015130N), are appointed Statutory Auditors for a continuous term of 5 (five) years, starting from the conclusion of the 52nd AGM till the conclusion of the 57th AGM, to conduct the statutory audit for FY 2026-27 to 2030-31.
• The firm is a proprietorship under CA Chanchal Singh, a Fellow Member of the Institute of Chartered Accountants of India, with 30 years of experience in statutory, tax and internal audits for listed and unlisted companies, NBFCs, banks and other business entities; he started practice in 1998.

What this means for retail investors

• These are shareholder-approved appointments carrying long tenures, so the board composition and the audit roles are set for the coming years.
• Independent Directors are meant to bring outside oversight to the board; the update describes the sector and finance backgrounds of the two appointees.
• Auditors are appointed for a defined five-year term, which is the usual periodic rotation of audit firms for listed companies.
• The update states that no relationships exist between the appointed directors and the other directors, as applicable.

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