Usha Martin Limited’s Board of Directors convened on May 26, 2026, approving the appointment of M/s. MSKA & Associates LLP as Statutory Auditors for five years. The board also re-appointed Mr. Venkatachalam Ramakrishna Iyer and Mr. Sethurathnam Ravi as Non-Executive Independent Directors for a second term. Additionally, Ms. Shreya Jhawar, Mr. Dimitri Bracco Gartner, and Mr. Sabyasachi Majumder were appointed as Additional Directors.
Board Meeting Highlights Key Decisions
On May 26, 2026, Usha Martin Limited’s Board of Directors convened to discuss and approve several significant corporate actions. These decisions, aimed at bolstering governance and operational oversight, cover auditor appointments and director re-appointments and new appointments.
Statutory Auditor Appointment
Following a recommendation from the Audit Committee, the Board has approved the appointment of M/s. MSKA & Associates LLP as the Statutory Auditors of the Company. This appointment is subject to shareholder approval and will be for a term of five consecutive years, commencing from the conclusion of the ensuing 40th Annual General Meeting (AGM) until the conclusion of the 45th AGM. The current auditors, M/s. S R Batliboi & Co. LLP, will complete their second and final term at the conclusion of the 40th AGM.
Director Re-appointments and New Appointments
The Nomination and Remuneration Committee’s recommendations were also acted upon by the Board, leading to the following approvals:
- Re-appointment of Independent Directors: Mr. Venkatachalam Ramakrishna Iyer (DIN: 02194830) and Mr. Sethurathnam Ravi (DIN: 00009790) have been re-appointed as Non-Executive Independent Directors for a second and final term of five years, effective from November 12, 2026, to November 11, 2031.
- Appointment of Additional Directors: Ms. Shreya Jhawar (DIN: 11693142), Mr. Dimitri Bracco Gartner (DIN: 11689885), and Mr. Sabyasachi Majumder (DIN: 11683481) have been appointed as Additional Directors (Non-Executive, Non-Independent) of the Company, effective from May 26, 2026.
None of the directors appointed or re-appointed are debarred from holding office by any SEBI order or other authority.
Meeting Details and Public Disclosure
The Board Meeting commenced at 10:00 AM (IST) and concluded at 10:36 AM (IST) on May 26, 2026. Details pertaining to these appointments, as required by regulations, are provided in Annexure A. This intimation has also been made available on the Company’s website, www.ushamartin.com.
Source: BSE
