Archean Chemical Re-appoints Statutory Auditor and Extends Key Board Memberships
Archean Chemical Industries Limited announced important corporate decisions following its general meeting on June 12, 2026. Shareholders considered and approved significant matters concerning the company’s statutory audit function and the continuation and re-appointment of key members to its board of directors.The company approved the re-appointment of M/S. PKF Sridhar & Santhanam LLP as the statutory auditors. The firm, which has been established since 1978, will serve for a second term of four consecutive years. This tenure runs from the conclusion of the current 17th Annual General Meeting until the conclusion of the 21st Annual General Meeting of the Company in 2030.
In updates concerning the board structure, the meeting addressed the continuation of Mr. Kandheri Munuswamy Mohandass's directorship as an Independent Director. This continuation is effective until December 05, 2026, coinciding with his scheduled retirement upon attaining the age of 75 on July 10, 2026.
Furthermore, shareholders approved the re-appointment of two directors for a subsequent term. Mr. Kandheri Munuswamy Mohandass and Mr. Chittoor Ghatambu Sethuram were re-appointed as Non-Executive Independent Directors for five consecutive years. The new term commences from December 06, 2026, until December 05, 2031 (both days inclusive).
Details regarding the directors' profiles and terms are provided below:
| Particular | Mr. Kandheri Munuswamy Mohandass | Mr. Chittoor Ghatambu Sethuram |
|---|---|---|
| Re-appointment Term | Five consecutive years (December 06, 2026, to December 05, 2031) | Five consecutive years (December 06, 2026, to December 05, 2031) |
| Brief Profile | Fellow Member of the Institute of Chartered Accountants of India and holds a Bachelor of Science from the University of Madras. He possesses about 48 years of experience in audit, taxation, project finance, corporate restructuring, and corporate laws advisory. | A Chemical Engineer from Regional Engineering College, Warangal (Jawahar Lal Nehru Technological University). He holds a Post Graduate in Management from Indian Institute of Management, Ahmedabad. Mr. Sethuram has approximately 48 years of experience across the Chemicals and Speciality materials industry. |
| Relationship Status | Not related to any Director on the Board of the Company. | Not related to any Director on the Board of the Company. |
ACI Stock Price Movement
On Friday, Archean Chemical Industries Limited shares edged higher in the market, concluding at ₹543.00 after gaining 2.45% from previous close. The stock saw active trading throughout the session, with a volume of 162,669 shares recorded for the equity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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