Aten Papers & Foam has announced key boardroom and structural changes following its latest board meeting.

The company appointed M/s. Alvi & Associates as new statutory auditors for a five-year tenure, alongside naming Raghav Jobanputra as an additional non-executive independent director following the resignation of Premaram Jaitaram Patel.

Furthermore, the board re-appointed Mohamedarif Mohamedibrahim Lakhani as managing director for three years and reconstituted its key committees.

Shareholders will also vote on multiple proposed related-party transactions and upcoming annual meeting resolutions.

These updates impact corporate governance and administrative oversight for retail investors tracking management stability.