SSMD Agrotech Board Approves Auditor Appointments and Scrip Name Change
SSMD Agrotech India Limited announced key corporate governance decisions from its December 31, 2025 board meeting, including the appointment of M/s G Rishabh & Co. as Secretarial Auditor for a five-year term and Mr. Rajmani Thakur as Internal Auditor for FY2025-26. The board also approved changing the company's scrip name on BSE SME from 'SSMD' to 'House of Manohar' to align with the main brand identity.
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SSMD Agrotech India Limited announced significant corporate governance developments following its Board of Directors meeting held on December 31, 2025. The company approved key appointments in auditing functions and initiated a brand alignment strategy through a proposed scrip name change, as communicated to BSE Limited under Regulation 30 of SEBI Listing Regulations.
Secretarial Auditor Appointment
The board approved the appointment of M/s G Rishabh & Co., Company Secretaries as the company's Secretarial Auditor for an extended five-year term. The appointment requires shareholder approval through postal ballot and follows regulatory requirements under Section 204 of Companies Act, 2013 and Regulation 24A of SEBI (LODR) Regulations, 2015.
| Parameter: | Details |
|---|---|
| Audit Firm: | M/s G Rishabh & Co., Company Secretaries |
| Term Duration: | Five consecutive financial years |
| Period: | FY2025-26 to FY2029-30 |
| Status: | Peer-reviewed firm |
| Approval Required: | Shareholder approval through postal ballot |
M/s G Rishabh & Co. is a peer-reviewed firm of practicing Company Secretaries promoted by Mr. Rishabh Gupta. The firm specializes in legal and secretarial consultancy covering diverse areas of corporate laws and related fields. Their service portfolio includes secretarial, legal, and compliance-related matters, and the firm maintains a valid Peer Review Certificate.
Internal Auditor Designation
On the recommendation of the Audit Committee, the board appointed Mr. Rajmani Thakur as Internal Auditor for Financial Year 2025-26. The appointment follows the provisions of Section 138 of the Companies Act, 2013.
| Appointment Details: | Information |
|---|---|
| Name: | Mr. Rajmani Thakur |
| PAN: | BHJPM8033J |
| Status: | Existing company employee |
| Term: | Financial Year 2025-26 |
| Remuneration: | No separate payment beyond existing employment compensation |
Mr. Thakur's responsibilities encompass conducting internal audits of financial, operational, and compliance functions, reviewing internal control systems and risk management processes, and ensuring compliance with the Companies Act, 2013, and applicable laws. His role includes verifying books of accounts, vouchers, and supporting documents, while reporting findings and recommendations to the Audit Committee and management.
Scrip Name Modification
The board approved a strategic branding initiative to change the company's scrip name on BSE SME from "SSMD" to "House of Manohar." This change aims to align the trading symbol with the company's main brand identity.
| Change Details: | Specification |
|---|---|
| Current Scrip Name: | SSMD |
| Proposed Scrip Name: | House of Manohar |
| Exchange: | BSE SME |
| Purpose: | Brand alignment with main company brand |
| Pending Approvals: | Stock exchange approval and completion of applicable formalities |
Meeting Compliance and Documentation
The board meeting was conducted in full compliance with the provisions of the Companies Act, 2013, Secretarial Standard-1, and applicable SEBI Regulations. The meeting commenced at 1:30 PM and concluded at 1:50 PM on December 31, 2025. The company formally communicated these decisions to BSE Limited through proper regulatory channels, with Company Secretary Rajesh Thakur signing the compliance documentation.
Historical Stock Returns for SSMD Agrotech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | -5.48% | -24.41% | -24.41% | -24.41% | -24.41% |
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