Business Update9 April 2026 at 12:41 pm
Indrayani Biotech's Board Meeting Approves Food Division Demerger and Appoints Internal Auditor
AI Summary
Indrayani Biotech Ltd's Board meeting held on 9th April, 2026, discussed and approved a preliminary proposal for the demerger of their food division into a separate company. The Board also approved the constitution of a 'Restructuring Committee' to oversee the process, take necessary decisions, and initiate required actions. Additionally, M/S VAITHIANATHAN & ASSOCIATES, Chartered Accountants, were appointed as the Internal Auditor for the Financial Years 2025-26 and 2026-27.
Key Highlights
- Board approved a preliminary proposal for food division demerger
- Restructuring Committee appointed to oversee the demerger process
- M/S VAITHIANATHAN & ASSOCIATES appointed as Internal Auditor for FY 2025-26 and 2026-27