Triton Valves Limited, a leading manufacturer in the valve industry, has announced significant changes to its leadership and governance structure following a board meeting on August 13, 2025. The company has made several key appointments and restructured its board, signaling a strategic shift in its corporate governance approach.

Leadership Changes

In a notable leadership transition, S.K. Welling has stepped down from his position as Chairman but will continue to serve as a director on the board. Aditya M. Gokarn, who previously held the role of Managing Director, has been appointed as the new Chairman while retaining his existing responsibilities. This dual role for Gokarn suggests a consolidation of leadership at the top of the organization.

New Independent Director

The board has approved the appointment of Kishore Mukund Saletore as an Additional Independent Director for a term of up to five years, effective August 13, 2025. Saletore brings over 30 years of diverse experience from globally renowned corporations, including the Tata Group, ITC Ltd., Hughes Corporation, and Bharat Forge. His expertise spans mergers & acquisitions, joint ventures, and international expansions across various sectors such as electric vehicles, real estate, infrastructure, and telecommunications.

Auditor Appointments

Triton Valves has also made significant appointments in its auditing functions:

1. Secretarial Auditor: Parameshwar Ganapati Bhat has been appointed as the Secretarial Auditor for a period of five consecutive years, from FY 2025-26 to FY 2029-2030. Bhat's firm specializes in company secretarial services, SEBI compliances, and corporate law advisory.

2. Cost Auditor: Vishwanath Bhat & Associates has been appointed as the Cost Auditor for FY 2025-26. The firm brings over 30 years of expertise in cost accounting, cost audit, and various tax-related services.

Upcoming Annual General Meeting

The company has scheduled its 49th Annual General Meeting for September 26, 2025, to be held virtually through video conferencing or other audio-visual means.

Financial Results

The board has approved the unaudited financial results for the quarter ended June 30, 2025, for both standalone and consolidated statements. These results have been reviewed by the company's auditors, Deloitte Haskins & Sells LLP.

These changes in Triton Valves' board structure and key appointments reflect the company's commitment to strengthening its corporate governance and strategic leadership. The mix of continuity and fresh perspectives in the board composition aims to drive the company's growth and operational efficiency in the coming years.

All appointments are subject to shareholder approval at the upcoming Annual General Meeting. Investors and stakeholders will be keenly watching how these changes impact Triton Valves' future performance and strategic direction.

Triton Valves , a leading manufacturer of valve and valve accessories, has released its financial results for the first quarter, along with several significant board appointments and changes.

Financial Performance

The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30. The consolidated results, which include three subsidiaries - Triton Valves Hong Kong Limited, TritonValves Climatech Private Limited, and TritonValves Future Tech Private Limited - reported combined revenues of Rs. 91.35 crore. However, the group faced a net loss of Rs. 41.14 lakh for the quarter.

Key Appointments

The Board made several key appointments, subject to shareholder approval at the upcoming Annual General Meeting (AGM):

Secretarial Auditor

M/s. Parameshwar Ganapati Bhat has been appointed as Secretarial Auditors for a period of five years, from FY 2025-26 to FY 2029-2030. The firm, based in Bengaluru, specializes in company secretarial services and provides consulting in corporate law, SEBI compliances, and IPOs.

Cost Auditor

M/s. Vishwanath Bhat & Associates has been appointed as Cost Auditors for FY 2025-26. The firm brings over 30 years of expertise in cost accounting, cost audit, and various tax-related services.

Independent Director

Mr. Kishore Mukund Saletore has been appointed as an Additional Non-executive Independent Director for up to five years, effective August 13, 2025. Mr. Saletore is a seasoned finance executive with over 30 years of experience across renowned corporations, including the Tata Group, ITC Ltd., Hughes Corporation, and Bharat Forge.

Board Composition Changes

The company also announced changes in its Board composition:

• S. K. Welling stepped down as Chairman effective from the close of the board meeting held on August 13, 2025. However, Mr. Welling will continue as a director on the Board.
• Mr. Aditya M. Gokarn has been appointed as the new Chairman, in addition to his existing role as Managing Director of the Company.

Annual General Meeting

Triton Valves Limited has scheduled its 49th Annual General Meeting for September 26, 2025, to be held via video conferencing. Shareholders will have the opportunity to approve the aforementioned appointments and discuss the company's performance and future strategies.

The Board meeting, which commenced at 3:00 PM on August 13, 2025, concluded at 9:32 PM, reflecting the extensive discussions and decisions made during the session.

These strategic appointments and board changes come at a crucial time for Triton Valves Limited, as the company navigates through challenging market conditions, evidenced by the reported loss in the first quarter.