CCME Global Appoints New Statutory Auditor, Approves Remuneration for Managing Director
CCME Global Limited, formerly Genesis IBRC India Limited, announced two key corporate decisions following a board meeting held on July 15, 2026. The Board approved the appointment of M/s Desai Saksena & Associates as the new statutory auditors and sanctioned the remuneration structure for Ms. Poonam Chaturvedi, Managing Director.The company appointed M/s Desai Saksena & Associates to fill a casual vacancy in its auditing function. This change follows the resignation of M/s M. S. Rao & Associates LLP. The appointment is set to continue until the conclusion of the ensuing Annual General Meeting (AGM), which must be held on or before September 30, 2026.
Auditor Appointment Details
The appointed firm, M/s Desai Saksena & Associates, has extensive experience in providing services across Statutory Audits, Tax Audits, Corporate Advisory, and Internal Audits. The firm was established in 1984 and serves both listed and unlisted companies across various sectors, including manufacturing, engineering, and automotive components.
Key details regarding the appointment of M/s Desai Saksena & Associates are presented below:
| Particular | Details |
|---|---|
| Appointed Auditor | M/s Desai Saksena & Associates (Firm Registration No: 102358W) |
| Previous Firm | M/s M. S. Rao & Associates LLP (Registration No: 005386S/S000195) |
| Appointment Date | July 15, 2026 |
| Term of Appointment | Until the conclusion of the ensuing Annual General Meeting (AGM), subject to shareholder approval. |
Managing Director Remuneration Sanctioned
The Board also approved the payment of remuneration for Ms. Poonam Chaturvedi, Managing Director. The sanctioned amount is INR 80,000 per month, covering the period from July 1, 2026, to March 31, 2027. This decision was made based on the recommendation of the Nomination and Remuneration Committee.
Trading Window Status
The company confirmed that the trading window for dealing in securities of CCME Global Limited is currently closed. The period of restriction commenced on July 1, 2026, and remains closed until forty eight hours after the declaration of the Unaudited Standalone Financial Results of the Company for the First Quarter ending June 30, 2026.
Stock Price Movement
CCME Global Ltd settled at ₹105.05 in post-market trading, as the shares dipped 3.84% on Wednesday. The stock moved through its daily range, trading between a low of ₹105.00 and an intraday high of ₹109.00.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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