Carysil Ltd: Board Approves Appointment of Internal and Cost Auditors, Extends Timeline for Utilisation of QIP Proceeds, and Announces Internal Restructuring

Carysil Ltd has announced several key decisions during its board meeting on March 20, 2026. The board has approved the appointment of M/s BDO India LLP as the Internal Auditor and M/s S.S. Puranik & Associates as the Cost Auditor for the Financial Year 2026-27. The board also approved the extension of the timeline for utilisation of the balance capital expenditure funds from March 31, 2026 to March 31, 2027. Furthermore, the board noted and approved the proposed internal restructuring involving the transfer of the business, assets, and liabilities of Carysil Brassware Limited to Carysil Products Limited. The board also approved the voluntary strike-off of Carysil Ceramictech Limited. Lastly, Carysil Products Limited, a step-down subsidiary of the Company in the United Kingdom, proposed to acquire 100% of the issued share capital of Setu Capital Limited, which will also result in the acquisition of the underlying assets of Setu Capital Limited.