Archean Chemical Industries Limited announced key board decisions following its 17th Annual General Meeting on June 12, 2026. The company re-appointed PKF Sridhar & Santhanam LLP as statutory auditors for a four-year term. Additionally, Mr. Kandheri Munuswamy Mohandass will continue as an Independent Director until December 05, 2026, and both he and Mr. Chittoor Ghatambu Sethuram have been re-appointed as Non-Executive Independent Directors for a consecutive five-year term commencing December 06, 2026.
Key Appointments and Re-appointments
Archean Chemical Industries Limited has announced significant decisions made during its 17th Annual General Meeting held on June 12, 2026. The shareholders have approved several crucial re-appointments and director continuations, ensuring stability and continued leadership within the company.
Statutory Auditors Re-appointed
M/S. PKF Sridhar & Santhanam LLP, Chartered Accountants, have been re-appointed as the statutory auditors of the company. This re-appointment is for a second term, spanning four consecutive years. The term commences from the conclusion of the 17th Annual General Meeting held on June 12, 2026, and will extend until the conclusion of the 21st Annual General Meeting of the Company, expected in the year 2030. PKF Sridhar & Santhanam LLP was established in 1978 and brings extensive experience in audit, advisory, consulting, and assurance.
Director Continuation and Re-appointment
Mr. Kandheri Munuswamy Mohandass (DIN: 00707839) will continue his directorship as an Independent Director. This continuation is up to the completion of his current term of office, which ends on December 05, 2026. His tenure is extended despite reaching the age of 75 years on July 10, 2026.
Furthermore, Mr. Kandheri Munuswamy Mohandass (DIN: 00707839) and Mr. Chittoor Ghatambu Sethuram (DIN: 01081951) have both been re-appointed as Non-Executive Independent Directors. They will serve for a second term of five consecutive years, commencing from December 06, 2026, and concluding on December 05, 2031. These directors are not liable to retire by rotation.
Director Profiles
Mr. Kandheri Munuswamy Mohandass is a Fellow Member of the Institute of Chartered Accountants of India and holds a Bachelor of Science degree from the University of Madras. He possesses approximately 48 years of experience in audit, taxation, project finance, corporate restructuring, and corporate laws advisory. He is not related to any other Director on the Board.
Mr. Chittoor Ghatambu Sethuram is a Chemical Engineer from the Regional Engineering College, Warangal, with a Post Graduate degree in Management from the Indian Institute of Management, Ahmedabad. He has about 48 years of experience in the chemicals and speciality materials industry, having managed numerous businesses and projects in India. He also serves as an advisor, consultant, director, and mentor to various organizations, assisting with business growth strategies and technology implementation.
Source: BSE
