Race Eco Chain Appoints New Statutory Auditors, Reappoints MD, Approves Q1 FY27 Results
Race Eco Chain Limited's Board approved Q1 FY27 financial results. M/s. Modi Harsh & Co. appointed as Internal Auditor. M/s. Akshay Singhla & Associates appointed as Statutory Auditors for 5 years. Mr. Sunil Kumar Malik reappointed as MD for 3 years from Oct 2, 2026. 26th AGM scheduled for Sep 26, 2026.
The appointment of a new statutory auditor for a significant term and the re-appointment of the Managing Director are material events for the company's governance and future direction. Approval of financial results is also a key event for stakeholders.
The announcement details routine corporate actions such as financial result approvals, auditor appointments, MD re-appointment, and AGM scheduling. While these are important, they do not inherently signal a significant positive or negative shift in the company's performance or outlook.
Race Eco Chain Limited announced the outcome of its Board Meeting held on August 12, 2026. The Board approved the Standalone and Consolidated Un-audited Financial Results for the Quarter ended June 30, 2026, along with the Limited Review Report.
The company also approved the appointment of M/s. Modi Harsh & Co. as the Internal Auditor for the financial year 2026-2027.
Furthermore, on the recommendation of the Audit Committee, the Board approved the appointment of M/s. Akshay Singhla & Associates as Statutory Auditors for a term of five years, commencing from the conclusion of the 26th AGM until the conclusion of the 31st AGM, subject to shareholder approval.
The Board also approved the re-appointment of Mr. Sunil Kumar Malik as Managing Director for a period of three years, effective from October 2, 2026, to October 1, 2029, with remuneration terms to be fixed. This re-appointment is subject to member approval in the ensuing general meeting.
Additionally, the Annual Report for the Financial Year 2025-2026 was approved, and the date for the 26th AGM was set as September 26, 2026. The Board Meeting concluded at 05:00 PM.
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Race Eco Chain Limited filed this with the NSE as a statutory disclosure, categorised under other results related. 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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See the model portfoliosA plain-language summary of a public exchange filing by Race Eco Chain Limited. Read the original for the full detail.