BSEAmic Forging LtdMediumNeutral
Announced Tue, 29 Apr · 18:55 IST

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we hereby submit the details regarding the Appointment and Resignation of Internal auditor.

Auditor Resigned MidtermManagement Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Amic Forging Ltd has informed the stock exchange about a change in its Internal Auditor. The previous internal auditor, Archit Madhogaria & Associates, resigned effective April 21, 2025, citing preoccupation with other assignments. To fill the gap, the Board approved the appointment of Kumar Sanjeev and Associates (FRN 3282678), a partnership firm led by CA Sanjeev Kumar with over 12 years of experience in accounts and audit, as the new Internal Auditor for FY 2024-25, effective April 29, 2025. The appointment was made at a Board meeting held on April 29, 2025. The filing was made under SEBI LODR Regulation 30, with full details disclosed as per the prescribed format.

Likely market impact

This is a routine internal auditor change and not a red flag — the resigning auditor cited workload reasons rather than any disagreement or governance concern. Shareholders are unlikely to see a material impact on the stock or operations since a replacement has already been appointed for the ongoing financial year.