
Aten Papers Board Approves Auditor Appointment, Director Changes
Aten Papers & Foam Ltd's Board of Directors convened on September 7, 2026, approving key changes including the appointment of M/s. Alvi & Associates as Statutory Auditors for five years. Mr. Raghav Jobanputra was appointed as an Additional Non-Executive and Independent Director, while Mr. Premaram Jaitaram Patel resigned from his Non-Executive and Independent Director position. The board also reconstituted the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee. Additionally, Mr. Mohamedarif Mohamedibrahim Lakhani's re-appointment as Managing Director for three years was approved, subject to member approval. Several material related party transactions were also approved.
Key Highlights
- Statutory Auditors appointed for five years.
- New Additional Non-Executive and Independent Director appointed.
- Resignation of an Independent Director noted.
- Key committees reconstituted.
- Managing Director re-appointment approved.
Price Impact
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