ACCNSEACC Limited· Cement And Cement ProductsMediumNeutral
Announced Mon, 29 Sept · 18:28 IST

ACC Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

ACC · price

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AI summary

ACC Limited announced on September 29, 2025, that its Board has approved a change in the Internal Auditor of the company. Mr. Mithlesh Satija will step down from the role effective September 30, 2025, on account of his superannuation (retirement). Mr. Shobhit Dwivedi, currently the Sector Head and Vice President in the Risk and Audit function of the Adani Group, will be appointed as the new Internal Auditor effective October 1, 2025. Mr. Dwivedi brings over 19 years of experience in governance, risk, and compliance, and currently serves as Chief Audit Executive across several Adani businesses including Energy, Media, Petrochemicals, and Aviation. He holds multiple professional certifications including CA, CIA, CFE, and CISA. The change was recommended by the Audit Committee and approved at a Board meeting held the same day.

Likely market impact

This is a routine governance transition triggered by the outgoing internal auditor's planned retirement, with no material impact expected on the company's operations, financials, or stock price. The replacement is an experienced internal candidate from the Adani Group, ensuring continuity in the internal audit function.