Empower India Ltd Announces Key Management Changes and Appoints Statutory Auditors
Empower India Ltd announced significant board approvals following a board meeting held on April 27, 2026. The board reviewed and approved major changes in executive designations and appointed new statutory auditors, strengthening the company's financial and operational leadership.During the meeting, the board approved the following key changes, effective April 27, 2026.
Changes in Key Management Roles
Mr. Rajesh Chavan was appointed to two critical roles. His designation was changed from Non-Executive NonIndependent Director to Managing Director (MD) of the Company. This change is slated for a period of Five years, subject to shareholder approval at the next general meeting or within three months of the appointment, whichever is earlier. The board cited the appointment as a measure to enhance the Company's financial management and governance framework, supporting its long-term growth strategy.In addition to his new directorship, Mr. Chavan was also appointed as the Chief Financial Officer (CFO), effective from April 27, 2026. He brings over a decade of extensive experience in the fields of Finance and Management to the organization.
Appointment of Statutory Auditors
The Company also appointed M/s. Nagadheep Sathyanarayana and Co., Chartered Accountants, as the Statutory Auditors. This appointment is effective from April 27, 2026, and serves to fill a casual vacancy that arose due to the resignation of M/s. Rishi Sekhri & Associates.M/s. Nagadheep Sathyanarayana and Co., Chartered Accountants (FRN: 008003S / PRN: 018163) provides a wide array of professional services, including internal and statutory audits, accounting, taxation, management consulting, and company law advisory.
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For reference, the details of the appointments and changes are summarized below:
Designation Change and CFO Appointment Details
| Particulars | Name | Role | Effective Date | Term/Duration |
|---|---|---|---|---|
| Managing Director (Designation Change) | Rajesh Chavan (DIN: 07011994) | Managing Director | April 27, 2026 | Five years (Subject to Shareholder Approval) |
| Chief Financial Officer | Rajesh Chavan | CFO | April 27, 2026 | Until resignation or termination |
Statutory Auditor Details
| Parameter | Details |
|---|---|
| New Auditors | M/s. Nagadheep Sathyanarayana and Co., Chartered Accountants (FRN: 008003S & PRN: 018163) |
| Previous Auditors | M/s. Rishi Sekhri & Associates (Resigned) |
| Vacancy Reason | Casual vacancy due to resignation |
| Appointment Date | April 27, 2026 |
EMPOWER Stock Price Movement
Today, Empower India Limited shares edged higher, gaining 2.86% to close at ₹1.8. The stock hit its 52-week high, supported by robust market interest that saw trading volume climb to 1.04 million shares.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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