Mega Corporation Limited, a key player in the Indian corporate sector, has announced a significant change in its management structure. The company has appointed Mr. Shashwat Chaudhary as the new Company Secretary and Compliance Officer, with effect from 12th March 2025. This appointment was officially approved during the Board of Directors’ meeting held on the same day, following a recommendation from the Nomination and Remuneration Committee.

The decision to appoint Shashwat Chaudhary aligns with Mega Corporation Limited’s commitment to enhancing its corporate governance and compliance frameworks. As part of its adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted an official announcement to BSE Limited regarding this change.

Background of the Appointment

The SEBI (LODR) Regulations mandate that listed companies maintain strong compliance mechanisms and appoint qualified professionals to oversee regulatory adherence. With this in mind, the Board of Mega Corporation Limited carefully evaluated candidates before selecting Shashwat Chaudhary for the role. His credentials and experience in corporate law, compliance, and governance played a pivotal role in his selection.

Profile of Shashwat Chaudhary

Mr. Shashwat Chaudhary is a law graduate and an Associate Member of the Institute of Company Secretaries of India (ICSI). He possesses over one year of post-qualification experience in handling company secretarial and compliance matters. His expertise lies in ensuring regulatory compliance, governance framework enhancement, and overseeing legal responsibilities within corporate entities.

Having worked on multiple governance-related projects, Mr. Chaudhary has demonstrated a proven track record in regulatory compliance and corporate legal affairs. His experience will help Mega Corporation Limited strengthen its compliance structure and align with industry best practices.

Significance of the Appointment

The appointment of a new Company Secretary and Compliance Officer is a crucial step in ensuring that Mega Corporation Limited adheres to the highest standards of corporate governance. As companies operate in an environment with increasing regulatory scrutiny, the role of a Company Secretary has become more critical than ever. Shashwat Chaudhary is expected to play a key role in ensuring that the company meets all its statutory and regulatory obligations while fostering transparency and accountability.

Official Confirmation to BSE Limited

In compliance with SEBI’s regulatory requirements, Mega Corporation Limited has officially informed BSE Limited regarding the appointment of Mr. Shashwat Chaudhary. This disclosure follows the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023, which outlines the reporting framework for key managerial changes.

The company has submitted the required details, including:

• Name of the appointee: Shashwat Chaudhary
• Reason for change: Appointment as Company Secretary and Compliance Officer
• Date of appointment: 12th March 2025
• Brief profile: Law graduate and ICSI Associate with expertise in compliance and governance
• Relationship with directors: None

Corporate Governance and Future Outlook

With the appointment of Mr. Shashwat Chaudhary, Mega Corporation Limited reaffirms its commitment to maintaining a robust compliance structure. His appointment is expected to bring strategic oversight and operational efficiency to the company’s regulatory affairs.

In the modern business environment, companies are expected to comply with strict legal frameworks and ensure transparency in their corporate governance practices. The role of a Company Secretary is no longer limited to record-keeping; it has evolved into a strategic advisory role that ensures a company’s adherence to SEBI regulations, Companies Act provisions, and other corporate laws.

Conclusion

The appointment of Shashwat Chaudhary as the Company Secretary and Compliance Officer of Mega Corporation Limited marks an important milestone for the company. With a focus on regulatory compliance, governance frameworks, and legal oversight, he is set to play a crucial role in the company’s future. Mega Corporation Limited aims to leverage his expertise in corporate law and compliance management to strengthen its operations and enhance transparency in the long run.

As the company moves forward, stakeholders can expect greater compliance efficiency, improved regulatory adherence, and a reinforced governance framework under the leadership of the newly appointed Company Secretary and Compliance Officer.

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