StockWatch
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Specialty Chemicals
Board Meeting23 Jun 2026, 05:52 pm

Gem Aromatics Approves Auditor Re-appointments and Brazil Subsidiary

AI Summary

Gem Aromatics Ltd's Board of Directors met on June 23, 2026, approving key decisions including the re-appointment of M/s. RANK & Associates as Internal Auditors for FY 2026-27 and the appointment of M/s. N. L. Bhatia & Associates as Secretarial Auditors for a five-year term starting FY 2026-27. The board also approved the incorporation of a Wholly Owned Subsidiary in Brazil, with an initial equity investment of up to ₹2 Crore and a Standby Letter of Credit of up to ₹15 Crore. The meeting commenced at 15:16 and concluded at 15:35.

Key Highlights

  • Re-appointment of RANK & Associates as Internal Auditors for FY 2026-27.
  • Appointment of N. L. Bhatia & Associates as Secretarial Auditors for five years.
  • Approval for incorporation of a Wholly Owned Subsidiary in Brazil.
  • Initial investment in Brazil subsidiary up to ₹2 Crore equity and ₹15 Crore SBLC.