Board Meeting10 Jul 2026, 07:10 pm
Sanmit Infra Board Approves Auditor Appointment, Director Resignation
AI Summary
Sanmit Infra Ltd's Board of Directors met on July 10, 2026, approving the resignation of Independent Director Mr. Ajay Nanik Chandwani and statutory auditors M/s. PAMS & Associates. The board also appointed M/s. S & S S & Associates as the new statutory auditors for a five-year term starting FY2026-27, subject to member approval. Additionally, the board decided to distribute net proceeds from the sale of fractional shares, arising from a prior equity consolidation, to eligible shareholders after deducting expenses and taxes.
Key Highlights
- Director Ajay Nanik Chandwani resigned from his independent director post.
- Statutory auditors PAMS & Associates have resigned.
- S & S S & Associates appointed as new statutory auditors for 5 years.
- Proceeds from fractional share sales to be distributed to shareholders.
- Board meeting held on July 10, 2026.
Price Impact
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