Autoline Industries Strengthens Audit Committee with New Independent Woman Director
By ScanX News Team
Autoline Industries Limited has reconstituted its Audit Committee by adding Mrs. Rajashri Sai as a new Independent Woman Director. The committee now comprises four members, up from three. The existing members, including Mr. Vinayak Janardan Jadhav (Chairperson), Mr. Kishor Piraji Kharat, and Mr. Shivaji Tukaram Akhade, retain their positions. This change, effective immediately, was approved by the Board of Directors through a Circular Resolution on July 29, 2025.
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Autoline Industries Limited , a prominent player in the automotive components sector, has announced a significant change to its corporate governance structure. The company has expanded its Audit Committee by adding a new Independent Woman Director, enhancing the committee's diversity and expertise.
Audit Committee Reconstitution
The Board of Directors of Autoline Industries, through a Circular Resolution passed on July 29, 2025, approved the reconstitution of the Audit Committee, effective immediately. The key points of this development are:
- New Addition: Mrs. Rajashri Sai joins the committee as a new Independent Woman Director.
- Expanded Structure: The Audit Committee now comprises four members, up from its previous three-member composition.
- Existing Members: The current members retain their positions:
- Mr. Vinayak Janardan Jadhav (Chairperson)
- Mr. Kishor Piraji Kharat (Member)
- Mr. Shivaji Tukaram Akhade (Member)
Committee Composition
The reconstituted Audit Committee now has the following structure:
| Sr. No | Name of Committee Member | Position | Category |
|---|---|---|---|
| 1 | Mr. Vinayak Janardan Jadhav | Chairperson | Independent Director |
| 2 | Mr. Kishor Piraji Kharat | Member | Independent Director |
| 3 | Mr. Shivaji Tukaram Akhade | Member | Executive Director |
| 4 | Mrs. Rajashri Sai | Member (New) | Independent Woman Director |
This move by Autoline Industries aligns with best practices in corporate governance, emphasizing the importance of diversity and independent oversight in key company committees. The inclusion of Mrs. Rajashri Sai as an Independent Woman Director is expected to bring fresh perspectives and additional expertise to the Audit Committee's deliberations.
The company has duly informed the stock exchanges about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This prompt disclosure demonstrates Autoline Industries' commitment to transparency and adherence to regulatory requirements.
As the automotive industry continues to evolve, strong corporate governance structures become increasingly crucial. Autoline Industries' decision to strengthen its Audit Committee reflects its proactive approach to maintaining robust internal controls and financial oversight mechanisms.
Historical Stock Returns for Autoline Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.19% | -1.71% | -5.34% | -20.80% | -47.86% | +154.23% |
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