NewsFutura Polyesters Appoints M/s. Shobha Ambure & Associates as Secretarial Auditors for Five YearsFutura Polyesters Appoints M/s. Shobha Ambure & Associates as Secretarial Auditors for Five Years
Futura Polyesters Limited has disclosed to BSE Limited the Board-approved appointment of M/s. Shobha Ambure & Associates (Unique Identification No. S2015MH345600) as Secretarial Auditors for five consecutive years from F.Y. 2025-26 to F.Y. 2029-30, subject to member approval at the ensuing AGM. The appointment, recommended by the Audit Committee, was made at the Board meeting held on 6th April, 2026, and filed in compliance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024.
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Futura Polyesters Limited has intimated BSE Limited of a key governance development — the Board's approval of the appointment of M/s. Shobha Ambure & Associates as Secretarial Auditors of the Company. The disclosure, dated 6th April, 2026, was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment was made on the recommendation of the Audit Committee and is subject to approval of the Members of the Company at the ensuing Annual General Meeting (AGM).
Appointment Details
The Board, at its meeting held on 6th April, 2026, approved the appointment of M/s. Shobha Ambure & Associates — a peer reviewed firm of Company Secretaries in Practice bearing Unique Identification No. S2015MH345600 — for a term of five consecutive years commencing from F.Y. 2025-26 till F.Y. 2029-30. The following table summarises the key details of the appointment as disclosed under the applicable SEBI Master Circular:
| Parameter: | Details |
|---|---|
| Name of Secretarial Auditor: | M/s. Shobha Ambure & Associates |
| Unique Identification No.: | S2015MH345600 |
| Reason for Appointment: | Appointment as Secretarial Auditors of the Company |
| Date of Appointment: | 6th April, 2026 |
| Term of Appointment: | Five consecutive years — F.Y. 2025-26 to F.Y. 2029-30 |
| Subject to Member Approval: | Yes, at the ensuing AGM |
| Relationship with Directors: | Not Applicable |
Profile of the Appointed Firm
M/s. Shobha Ambure & Associates is a practicing Company Secretaries firm with around 9 years of experience. The firm has vast experience in Company Law, SEBI, and Capital Markets, and is associated with a number of business houses as a Corporate Consultant rendering exclusive professional services.
Regulatory Compliance
The intimation was filed in accordance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024. The disclosure was signed by Shyam B. Ghia, Chairman & Managing Director (DIN: 00005264), on behalf of Futura Polyesters Limited, from Mumbai.
Source: None/Company/INE564A01017/4fef366f-4305-43a6-b794-67103b51e2f4.pdf
Historical Stock Returns for Lakhotia Polyesters
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.10% | -11.64% | -9.22% | -32.71% | +54.30% | +699.88% |
How might the findings from M/s. Shobha Ambure & Associates' first secretarial audit impact Futura Polyesters' governance ratings and investor confidence?
Will shareholders raise any concerns or opposition regarding the appointment of M/s. Shobha Ambure & Associates at the ensuing AGM, given the firm's relatively modest 9-year track record?
Are there any pending regulatory compliance issues or governance gaps at Futura Polyesters that the new secretarial auditor may be expected to address during the five-year tenure?
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