StockWatch
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Consumer Electronics
Auditor24 Oct 2026, 01:00 pm

PG Electroplast Subsidiary Appoints New Director, Auditor

AI Summary

PG Electroplast Ltd announced that its wholly-owned step-down subsidiary, Next Generation Manufacturers Private Limited (NGM), has appointed Mrs. Ruchika Bansal as a Non-Executive Independent Director. NGM also appointed M/s. B S R & Co. LLP as its new Statutory Auditors for a five-year term, subject to shareholder approval, replacing M/s. M.S. Barmecha & Co. The change aims to align subsidiary auditors with the parent company's auditors.

Key Highlights

  • NGM appointed Mrs. Ruchika Bansal as Non-Executive Independent Director.
  • M/s. B S R & Co. LLP appointed as new Statutory Auditors.
  • The appointment of new auditors is for a five-year term.
  • The change aligns subsidiary auditors with the parent company.
  • M/s. M.S. Barmecha & Co. resigned as the previous auditors.