Sri Trang Agro-Industry Public Company Limited: Board Resolutions and Audit Committee Update

Sri Trang Agro-Industry Public Company Limited (“Sri Trang Agro-Industry” or “the Company”) recently held its Board of Directors’ Meeting No. 7/2025, with significant resolutions announced for the nine-month period ending 30 September 2025. While the report does not provide detailed financial metrics such as revenue, earnings, or EPS, it does cover key governance matters and audit committee activities that are highly relevant for investors tracking corporate governance and risk management standards.

Key Board Resolutions

• Approval of the Company’s financial statements for the nine-month period ending 30 September 2025 (auditor-reviewed).
• Reappointment of the Audit Committee for a new two-year term starting 16 December 2025.

Audit Committee Reappointment & Structure

The Board resolved to reappoint the following Audit Committee members for a two-year term:

• Ms. Anusra Chittmittrapap – Chairman of Audit Committee
• Gen. Thanasorn Pongarna – Audit Committee Member
• Ms. Nongram Laohaareedilok – Audit Committee Member

Mrs. Sudjai Thongcheen continues as the Secretary of the Audit Committee. The committee is noted to have adequate expertise and experience, particularly in reviewing the credibility of financial reports.

Audit Committee Duties and Activities

The Audit Committee’s scope of work is extensive and aims to ensure robust corporate governance. Key responsibilities include:

• Reviewing the accuracy, reliability, and adequacy of financial reporting.
• Ensuring effective internal controls and internal audit systems.
• Overseeing compliance with relevant laws, SET regulations, and business-related legislation.
• Evaluating and nominating independent external auditors, and setting their remuneration.
• Examining connected transactions to guard against conflicts of interest.
• Reporting annually in the Company’s annual report on the financial reporting process, internal controls, compliance, auditor suitability, and conflict of interest transactions.
• Commissioning investigations into suspected fraud or irregularities and consulting experts as needed.
• Reviewing and approving the Internal Audit Charter and audit plans.
• Assessing the Company’s risk management system, especially concerning fraud prevention.
• Monitoring compliance with anti-corruption policies.
• Reporting results to the Board at least quarterly.
• Conducting annual performance evaluations and updating the Audit Committee Charter for Board approval.

Governance Highlights

• The Audit Committee Charter was reviewed and updated, emphasizing regular assessment and adaptation to changing regulatory or business conditions.
• There is a clear focus on fraud risk management, data processing controls, and operational security, reflecting a proactive approach to governance.

Chairman’s Statement

While the report includes correspondence from the Directors, there is no dedicated Chairman’s Statement with commentary on the tone of the business or outlook. The formal communication is limited to notification of board resolutions and audit committee reappointment.

Other Corporate Actions and Events

• No mention of dividends, share buybacks, asset sales, IPOs, fundraising, or unusual transactions in the disclosed material.
• No disclosure of legal disputes, macroeconomic impacts, or exceptional earnings/expenses.

Conclusion and Investor Recommendations

Overall Assessment: Based on the disclosed information, Sri Trang Agro-Industry demonstrates strong governance practices, with an active and well-qualified Audit Committee, regular internal reviews, and compliance with SET requirements. However, there is no direct financial data, nor are there disclosures of dividends, earnings, or strategic shifts. The continued focus on internal controls and risk management is a positive sign for investors concerned with corporate governance and operational integrity.

• If you are currently holding the stock: Maintain your position. The board’s actions signal a steady commitment to governance and risk management, which underpin long-term shareholder value. However, monitor future financial releases for more substantive performance data before making major portfolio decisions.
• If you are not currently holding the stock: Consider waiting for more detailed financial disclosures (quarterly or annual reports) before initiating a position. While the governance framework appears robust, investment decisions should be supported by financial performance metrics and guidance on future prospects.

Disclaimer: This analysis is based solely on the information provided in the report and does not constitute investment advice. Investors should conduct further due diligence, review subsequent financial releases, and consult professional advisors before making investment decisions.

View Sri Trang Agro Historical chart here