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Cinevista Limited announced key leadership decisions, appointing Prem Krishen Malhotra as Whole-Time Director and Sunil Mehta as Managing Director for three-year terms. The company also proposed Sarath & Associates as its new statutory auditor, intended to serve for five consecutive Annual General Meetings (AGMs).
The company's Board of Directors met on March 31, 2026, to approve these changes. Malhotra's and Mehta's appointments are effective from April 1, 2026, and will run for three years. The proposed auditor, Sarath & Associates, is slated to begin its five-year term starting with the 2026-27 financial year, with annual remuneration fixed at ₹63 lakh. The announcement did not detail specific risks associated with these appointments.
These decisions aim to ensure stability and confidence within Cinevista. The continued leadership of Malhotra and Mehta provides continuity in strategy and operations. Appointing a new auditor is a key corporate governance step, promoting financial transparency and independent review of accounts to meet regulatory standards.
Cinevista Limited, based in Mumbai since 1982, operates in media and entertainment, producing TV shows, films, and commercials, and also has real estate interests. Malhotra, serving as Chairman and Whole-Time Director, and Mehta, the Managing Director, have played significant roles. Their upcoming re-appointments reflect the board's confidence. Director terms are commonly three to five years, subject to shareholder votes. The need for a new auditor arose as the previous firm, Raj Niranjan Associates, concluded its tenure on March 31, 2026.
In the media and entertainment sector, peers like Zee Entertainment Enterprises, Sun TV Network, and Network18 Media & Investments similarly focus on leadership stability and strong governance to maintain investor trust.
Shareholders will vote on the appointment of Sarath & Associates as the new statutory auditor at the upcoming 29th Annual General Meeting.