StockWatch
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Management Change10 Jul 2026, 07:20 pm

Sanmit Infra Director Resigns; Auditor Replaced

AI Summary

Sanmit Infra Ltd announced that its Board of Directors accepted the resignation of Mr. Ajay Nanik Chandwani as a Non-Executive Independent Director, effective June 13, 2026, citing age and health reasons. The company also accepted the resignation of its statutory auditor, M/s. PAMS & Associates, effective June 12, 2026. M/s. S S S & Associates has been appointed as the new statutory auditor for a five-year term starting FY2026-27, subject to shareholder approval. The board also confirmed the distribution of proceeds from fractional share sales post-consolidation.

Key Highlights

  • Independent Director Ajay Chandwani resigns due to age and health.
  • Statutory Auditor M/s. PAMS & Associates also resigns.
  • New auditor M/s. S S S & Associates appointed for five years.
  • Proceeds from fractional share sale to be distributed to shareholders.