AGM approves change in designation of Siddharth Gupta to Independent Director; secretarial auditor re-appointed

Change in designation of Mr. Siddharth Gupta from Additional Director to Director (Non-Executive Independent Director), w.e.f. 25th May 2026, for a term of up to five consecutive years, not liable to retire by rotation.

Wed 30 Sep 2026

Director Designation Change

Mr. Siddharth Gupta changed from Additional Director to Director (Non-Executive Independent Director), effective 25th May 2026

Director Term

Term of up to five consecutive years, not liable to retire by rotation

Secretarial Auditor Re-appointment

M/s Lal Ghai & Associates re-appointed for five consecutive years, FY 2026-27 to 2030-31

AGM Date

23rd AGM held on 30th September 2026

What was approved

• Mr. Siddharth Gupta's designation changed from Additional Director to Director (Non-Executive Independent Director), effective 25th May, 2026.
• His term is up to five consecutive years and he is not liable to retire by rotation.
• M/s Lal Ghai & Associates, Practising Company Secretaries, re-appointed as Secretarial Auditors for five consecutive years, covering FY 2026-27 to 2030-31.

Background on the auditor

• The firm is based in Ludhiana and registered with the Institute of Company Secretaries of India.
• It works on corporate laws, secretarial audits, corporate governance and regulatory compliance.
• The re-appointment followed recommendations of the Audit Committee and the Nomination & Remuneration Committee.

Other details

• The company confirmed Mr. Siddharth Gupta is not debarred from holding office as a director by any SEBI or other authority order.
• The 23rd Annual General Meeting commenced at 04:00 P.M. and concluded at 04:22 P.M. on 30th September, 2026.

What it means for investors

An Additional Director appointed by the Board needs shareholder approval to continue; this approval regularises Mr. Gupta's position as an Independent Director. Independent directors are expected to provide objective oversight on the Board. A secretarial auditor checks the company's compliance with company law and securities regulations. Both items are routine governance approvals with no direct effect on operations or financials disclosed here.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.