StockWatch
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Computers - Software & Consulting
Auditor27 Apr 2026, 05:41 pm

Empower India appoints new auditor, MD, and CFO

AI Summary

Empower India's Board of Directors, in a meeting on April 27, 2026, approved the appointment of M/s. Nagadheep Sathyanarayana and Co., Chartered Accountants, as the new Statutory Auditors. This appointment fills a casual vacancy caused by the resignation of M/s. Rishi Sekhri & Associates. Additionally, the Board approved a significant management restructuring: Mr. Rajesh Chavan's designation was changed from Non-Executive Non-Independent Director to Managing Director for a period of five years, effective April 27, 2026, subject to shareholder approval. He was also appointed as the Chief Financial Officer of the company, effective the same date. These changes are intended to strengthen the company's financial management and governance framework.

Key Highlights

  • M/s. Nagadheep Sathyanarayana and Co. appointed Statutory Auditors.
  • Auditor change fills casual vacancy due to previous firm's resignation.
  • Mr. Rajesh Chavan designated as Managing Director for five years.
  • Mr. Rajesh Chavan also appointed as Chief Financial Officer.
  • Changes aim to strengthen financial management and governance.