SPL Industries Completes Key Board Decisions, Appoints Statutory and Internal Auditors
The board of directors of SPL Industries Limited held a meeting on July 15, 2026, during which it approved several critical governance matters, including the appointment of both internal and statutory auditors for the coming financial years. The company also addressed various operational limits and reviewed the draft notice for its upcoming Annual General Meeting (AGM).During the board session, the appointment of M/s Vatss & Associates was finalized as the Internal Auditor for the Financial Year 2026-27. The firm, which possesses experience in statutory audit, tax advisory, compliance review, and risk management, was appointed to conduct internal audits on the terms mutually agreed upon between the auditors and the company's management.
The board also considered and approved M/s Raghu Nath Rai and Co., Chartered Accountants as the Statutory Auditors for a term of five consecutive years. This appointment is slated to commence from the conclusion of the 35th Annual General Meeting until the 40th Annual General Meeting, pending shareholder approval at the 35th AGM. RNR & Co., which has been established since 1967, was recognized for its integrated service offering and diversified team of professionals.
The board meeting also addressed several key limits and operational parameters:
- It considered and approved the terms regarding the borrowing limit of the company under Section 180(1)(c) of the Companies Act, 2013, subject to shareholder approval at the 35th Annual General Meeting.
- The board considered and approved Material Related Party Transactions to be undertaken by the company up to the AGM scheduled for 2027, pending shareholder ratification.
- Limits were fixed regarding investments or extending loans and providing guarantees or securities connected with loans to corporate bodies under Section 186 of the Companies Act, 2013, subject to the approval of shareholders at the 35th Annual General Meeting.
- The limit for Loans, Investments, Guarantee, or Security under Section 185 of the Companies Act, 2013, was also approved, pending shareholder consent at the 35th AGM.
Auditor Appointments Details
To provide clarity on the appointments made by the board, the following details were confirmed:Internal Auditor Appointment: M/s Vatss & Associates
| Particulars | Details |
|---|---|
| Role | Internal Auditor of SPL Industries Limited. |
| Term | Financial Year 2026-27. |
| Firm Profile | The firm has extensive experience in statutory audit, internal audit, tax advisory, compliance review, and risk management. |
Statutory Auditor Appointment: M/s Raghu Nath Rai and Co.
| Particulars | Details |
|---|---|
| Role | Statutory Auditors of SPL Industries Limited. |
| Term | Five consecutive years, commencing from the 35th AGM until the 40th AGM, subject to shareholder approval. |
| Firm Profile | RNR & Co., established in 1967, is a Category I, CAG-empanelled firm with offices across multiple Indian cities and provides integrated assurance, taxation, and consulting services. |
Board Report Approval and AGM Scheduling
Furthermore, the board considered and approved the Board's Report along with its annexures for the Financial Year 2025-26. The draft notice of the company’s 35th Annual General Meeting (AGM) was also approved. This AGM is scheduled to be held on Thursday, August 13, 2026, commencing at 11:00 A.M., and will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).SPLIL Stock Price Movement
Today, shares of SPL Industries Limited edged higher to settle at ₹33.66, rising 3.43% in post-market trading. The stock traded within an intraday range defined by a low of ₹32.34 and a high of ₹35.39.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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