Current Infraprojects Limited has appointed M/s Maheshwari Neetu & Associates as its Secretarial Auditor for a five-year term covering financial years FY27 to FY31. The Board of Directors approved the appointment on July 23, 2026, following a recommendation from the Audit Committee. This multi-year engagement aims to ensure continuous compliance oversight for the company’s corporate governance and statutory obligations, pending ratification by shareholders at the ensuing General Meeting.

The decision was formalized in a disclosure filed with the Emerge Platform of the National Stock Exchange of India Limited (NSE) on July 23, 2026. The filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the company cited compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, as amended, which governs such appointments.

Appointment Details

M/s Maheshwari Neetu & Associates holds Certificate of Practice (COP) No. 13397. The firm describes itself as an experienced professional entity with a diverse client base, providing comprehensive corporate secretarial, compliance, and secretarial audit services. According to the disclosure, the firm possesses in-depth expertise in the Companies Act, 2013, SEBI Regulations, and applicable secretarial standards. This expertise is intended to ensure independent, objective, and reliable compliance and governance advisory support for Current Infraprojects.

Governance Implications

The selection of a secretarial auditor for a multi-year term allows for greater continuity in monitoring the company’s compliance with various laws and regulations. M/s Maheshwari Neetu & Associates will be responsible for conducting secretarial audits, which verify whether the company has complied with the provisions of the Companies Act, 2013, the rules made thereunder, and other applicable laws.

This appointment aligns with standard corporate governance practices where the Audit Committee plays a pivotal role in recommending external auditors to the Board. By securing this appointment now, Current Infraprojects ensures that its governance structures are robustly monitored from the start of FY27 through FY31, pending final shareholder consent. Sonali Nawndher, Company Secretary and Compliance Officer at Current Infraprojects Limited, signed the intimation letter submitted to the exchange.

Current Infraprojects Limited has increased its credit facilities with HDFC Bank Limited by ₹11,00,00,000, raising the total sanctioned limit to ₹38,00,00,000 to support working capital requirements and general corporate purposes. The board of directors approved the enhancement, which was executed pursuant to a sanction letter dated June 25, 2026. The aggregate fund-based and non-fund-based limits have consequently risen from the previous ₹27,00,00,000.

Transaction Details

The agreement between HDFC Bank Limited as the lender and Current Infraprojects Limited as the borrower was finalized on July 20, 2026. The additional sanction of ₹11,00,00,000 is subject to the execution of customary loan and security documents and the creation of necessary security over the company's movable and immovable assets.

Terms and Security

The enhanced credit facilities are contingent upon compliance with financial covenants and the fulfilment of conditions precedent stipulated by the lender. The security arrangement includes a mortgage, hypothecation, pledge, or assignment of the company's assets as detailed in the financing documents. The sanction letter does not confer special rights such as director appointment or veto rights beyond standard financing arrangements. HDFC Bank Limited is not related to the promoters or group companies of Current Infraprojects Limited, and the transaction is conducted at arm's length.