Audit Committee reconstituted by resolution by circulation; Sanjay Gupta added as additional member
Indian Toners & Developers Ltd has reconstituted its Audit Committee, approved by a majority of the Board through a Resolution by Circulation passed on October 7, 2026.
- Approval Route
- Resolution by Circulation
- Approval Date
- October 7, 2026
- New Member Appointed
- Mr. Sanjay Gupta, Independent Director, as additional member with immediate effect
What the update says
The Board of Indian Toners & Developers Ltd has approved the reconstitution of the company's Audit Committee. The approval came through a Resolution by Circulation passed on October 7, 2026, a route in which directors give their approval in writing rather than at a meeting. The update states that a majority of the Board approved it.
Mr. Sanjay Gupta, an Independent Director of the company, has been appointed as an additional member of the Audit Committee with immediate effect.
Revised composition of the Audit Committee
- Mr. Arun Kumar Garg, Independent Director - Chairman
- Mr. Sanjay Gupta, Independent Director - Member
- Mrs. Manisha Chamaria, Independent Director - Member
- Mr. Sushil Jain, Executive Director - Member
The committee therefore has four members, of whom three are Independent Directors and one is an Executive Director.
What an Audit Committee does
The Audit Committee is the board-level group that oversees the company's financial reporting and the audit of its accounts, and it is one of the key governance bodies in a listed company. Who sits on it, and how many of its members are independent directors, is something investors track as part of the company's overall governance framework.
What this means for investors
This is a board and governance-level update. An independent director has been added as a member of the Audit Committee, with immediate effect.
More numbers
- Members on the reconstituted Audit Committee4
- Independent Directors on the reconstituted Audit Committee3
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