SML Mahindra Appoints Vimal Agarwal as Internal Auditor, K. N. Vaidyanathan Ceases
SML Mahindra Limited's Board approved the cessation of Internal Auditor K. N. Vaidyanathan, effective June 30, 2026. Vimal Agarwal is appointed as the new Internal Auditor from July 1, 2026. Agarwal is a CA and MBA with 25 years of experience.
Changing an internal auditor is a standard governance procedure and is unlikely to have a significant immediate impact on the company's operations or financial performance.
The change in auditors is a routine corporate action and does not inherently suggest a positive or negative shift in the company's performance or outlook.
SML Mahindra Limited announced a change in its Internal Auditor following a Board of Directors meeting held on June 30, 2026. The Board approved the cessation of Mr. K. N. Vaidyanathan as the Internal Auditor, effective at the close of business hours on June 30, 2026. This cessation is due to the conclusion of his term as the Group Chief Internal Auditor of the holding company, Mahindra & Mahindra Limited.
Concurrently, the Board approved the appointment of Mr. Vimal Agarwal as the new Internal Auditor, effective from July 1, 2026. Mr. Agarwal's appointment is aligned with his new role as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, commencing on the same date. Mr. Agarwal is a Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy. His profile highlights significant experience in strengthening governance frameworks, enhancing internal controls, and driving growth strategies across multinational corporations and listed Indian entities, including notable roles at PepsiCo India, Mahindra Lifespaces, and Mahindra Holidays & Resorts.
The Board meeting, which commenced at 11:00 AM, concluded at 11:15 AM. The company has also uploaded this intimation on its website.
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SML Mahindra Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by SML Mahindra Limited. Read the original for the full detail.