Tarmat Limited Approves Re-appointment of Key Directors and Auditors

Tarmat Limited Approves Re-appointment of Key Directors and Auditors​

Tarmat Limited, during a Board of Directors meeting held on Friday, August 14, 2026, approved the re-appointments of several directors, along with key statutory, internal, and cost auditors. These decisions were made based on recommendations received from the Nomination and Remuneration Committee and the Audit Committee.

The board confirmed the continuation of various roles crucial for the company's governance and financial oversight.

Directors Re-appointed for Key Roles​

Three directors were re-appointed during the meeting, filling critical roles within the organization:

• Mr. Dilip Varghese: Was re-appointed as a Managing Director of the Company for a three-year period, effective from August 14, 2026. Mr. Varghese is liable to retire by rotation and his appointment is subject to shareholder approval. He is the son of Mr. Jerry Varghese, Chairman of the Company.
• Mr. Amit Shah: Was re-appointed as an Executive Director for three years, effective from October 01, 2026. Like Mr. Varghese, he is liable to retire by rotation and his appointment is subject to shareholder approval.
• Mr. Krishan Kumar Kinra: Was re-appointed as an Independent Director for a second consecutive term of five years. This role started on September 30, 2026, and he is not liable to retire by rotation. Mr. Kinra holds the designation of an IIT Engineer and Professional Consultant with over 30 years of experience.

A summary of the directorial appointments is provided below:

Audit Committee Approves Re-appointments of Auditors​

The Board of Directors, following the recommendation of the Audit Committee, approved the re-appointment of all three categories of auditors: Statutory Auditor, Internal Auditor, and Cost Auditor.

Statutory Auditing:
M/s. Hegde & Associates, Chartered Accountants (FRN: 103610W), was re-appointed as the company's Statutory Auditors for a second five year term, effective August 14, 2026, subject to approval by shareholders at the next AGM. M/s. Hegde & Associates possesses several years of experience in the financial service industry and offers various services including Risk Advisory, Consulting, Financial Advisory, Tax, and Audit & Assurance Services.

Internal Auditing:
M/s. Yagnesh Gandhi & Co., Chartered Accountants (Registration No. 133711W), was re-appointed as the Internal Auditor for the financial year 2026-27. M/s. Yagnesh Gandhi & Co. provides services such as Risk Advisory, Consulting, Financial Advisory, Tax, and Audit & Assurance Services to leading corporates in India.

Cost Auditing:
Mr. Satish R. Shah., a Cost Accountant, was re-appointed as the Cost Auditor for the Financial Year 2026-27. Mr. Shah holds the status of a fellow member of the Institute of Cost Accountants of India and has over 20 years of post qualification experience in Cost Accounting and Audit.

The details regarding these appointments were provided by the Board, with specialized profiles available for each professional listed.

TARMAT Stock Price Movement​

Tarmat Limited shares shed 8.44% in post-market trading today, closing at ₹58.70 after settling a decline of ₹5.46. Trading activity saw the equity transact 613,433 shares during the day.