Kimia Biosciences Ltd — Board Meeting, 23-04-2025: Board Meeting

KIMIA's Board of Directors approved the resignation of statutory auditors Sunil Suresh & Associates due to their inability to continue, citing convincing grounds for their departure. The Audit Committee and Board acknowledged the auditors' contributions during their tenure. Additionally, they recommended appointing Neeraj Arora & Associates as statutory auditors, subject to shareholder approval, to fill the casual vacancy and extend their term for five years post the upcoming Annual General Meeting. The company also accepted the resignation of Chief Financial Officer Rakesh Chetani, effective May 11, 2025, as he seeks new opportunities. This transition may create operational adjustments but reflects strategic governance changes, potentially viewed positively by investors looking for continuity and stability.