Astal Laboratories Limited disclosed that its material wholly owned subsidiary, Sriven Pharmachem India Private Limited (SPIPL), has appointed three key auditors for the financial year 2026-27. The appointments were approved by SPIPL's board of directors on September 28, 2026.

The move aims to comply with the Companies Act, 2013 and strengthen the secretarial and corporate compliance functions of the subsidiary. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Appointments Details

The board approved the following appointments effective for FY27:

Professional Backgrounds

M/s Avnesh Jain & Co. is a cost accountancy firm with extensive experience in cost audit, budgeting, and project accounting. M/s Mahendra Khandelwal & Co., founded by CS Mahendra Prakash Khandelwal, provides services in corporate laws, SEBI regulations, and secretarial audits for listed entities. Mr. Balayogiswara Rao Peddinti brings expertise in accounts, finance, product costing, and statutory compliances.

The company stated that the relationships between directors were not applicable for these appointments as they are external auditor engagements rather than director appointments.

Astal Laboratories Limited concluded its 33rd Annual General Meeting on September 29, 2026, adopting both standalone and consolidated audited financial statements for the fiscal year ended March 31, 2026. The meeting was conducted entirely through Video Conferencing and Other Audio-Visual Means, ensuring shareholder participation from remote locations.

The proceedings were chaired by Sudheer Karna Kankanala, Whole Time Director, who provided an update on the company's operational and financial activities for FY26. A total of 31 members participated in the virtual meeting, meeting the requisite quorum. The Company Secretary welcomed attendees and confirmed the availability of all statutory registers and reports for electronic inspection during the session.

Key resolutions passed

Shareholders voted on three ordinary business items via the Central Depository Services (India) Limited e-voting portal. The resolutions covered the adoption of financial reports and the re-appointment of a non-executive director retiring by rotation.

Governance and attendance

The meeting saw the presence of five directors through the virtual platform, including independent directors Hemachakrapani Bangaraiahgari, Julius Paul Reinhard Paschke, and Radhakishore Pandrangi. Mahendra Prakash Khandelwal, a practicing company secretary, served as the scrutinizer for the e-voting process. The Chairman addressed shareholder queries raised by registered speakers and other participants before concluding the session with a vote of thanks.

Consolidated voting results are scheduled to be disseminated to the stock exchange and published on the company website within 48 hours of the meeting's conclusion.