Innova Captab Reappoints Auditors and Key Management Personnel
Innova Captab's Board Meeting on May 25, 2026, approved re-appointments. M/s. B S R & Co. LLP re-appointed as statutory auditors for five years. Mr. Manoj Kumar Lohariwala and Mr. Vinay Lohariwala re-appointed as Whole-Time Director and Managing Director, respectively, for five years from March 18, 2027. Independent Directors also re-appointed.
The re-appointment of statutory auditors, cost auditors, internal auditors, Whole-Time Director, Managing Director, and Independent Directors for extended terms provides stability and continuity in the company's leadership and financial oversight. This continuity can be viewed positively by stakeholders.
The announcement details routine re-appointments of auditors and key management personnel, which are standard corporate governance procedures and do not inherently suggest a positive or negative shift in the company's performance or outlook.
Innova Captab Limited announced the outcome of its Board Meeting held on May 25, 2026. The Board approved the re-appointment of M/s. B S R & Co. LLP as statutory auditors for a second term of five years, from FY 2026-27 to 2030-31, subject to member approval.
Additionally, M/s. Gurvinder Chopra and Co. were re-appointed as cost auditors for FY 2026-27, and M/s. Grant Thornton Bharat LLP as internal auditors for FY 2026-27.
The Board also approved the re-appointment of key managerial personnel. Mr. Manoj Kumar Lohariwala was re-appointed as Whole-Time Director for a second term of five years, effective March 18, 2027, to March 17, 2032. Similarly, Mr. Vinay Lohariwala was re-appointed as Managing Director for a second term of five years, effective March 18, 2027, to March 17, 2032. Both re-appointments are subject to member approval at the upcoming Annual General Meeting (AGM).
The re-appointment of Non-Executive Independent Directors, Mr. Sudhir Kumar Bassi, Ms. Priyanka Dixit, Mr. Mahendar Korthiwada, and Mr. Shirish Gundopant Belapure, for a second term of five years from April 1, 2027, to March 31, 2032, was also approved, pending member approval at the AGM.
The Board also approved the notice for calling the 22nd AGM for the financial year ended March 31, 2026. The meeting commenced at 3:58 PM IST and concluded at 4:40 PM IST.
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Innova Captab Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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