
Auditor31 Jul 2026, 06:00 pm
Lakshmi Electrical appoints NRD Associates as Statutory Auditors for 5 years
AI Summary
Lakshmi Electrical Control Systems Ltd announced the appointment of M/s. NRD Associates, Chartered Accountants, as its Statutory Auditors for a term of five consecutive years, from 2026-27 to 2030-31. This decision was approved by shareholders at the 45th Annual General Meeting held on July 31, 2026. The appointment follows the completion of the term of the previous auditors, M/s. Subbachar & Srinivasan. Additionally, shareholders approved an amendment to Article 84 of the Articles of Association concerning the appointment and remuneration of directors, aligning it with the Companies Act, 2013.
Key Highlights
- NRD Associates appointed as Statutory Auditors for five years.
- Appointment term is from FY 2026-27 to FY 2030-31.
- Previous auditors' term expired after completing two five-year terms.
- Articles of Association amended regarding director appointments.
Price Impact
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