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Baroda Rayon Corporation Ltd has appointed M/s Patel & Associates, Chartered Accountants, as the company's internal auditor for Financial Year 2026-27. The appointment was made based on the recommendation of the Audit Committee and approved by the Board of Directors in their meeting on May 29, 2026. The firm, based in Surat with Firm Registration No. 130005W, has 17 years of experience in audit, project finance, subsidies, and tax advisory services. This appointment is stated to be for compliance with the Companies Act 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
This is a routine regulatory compliance appointment and does not indicate any governance concerns or operational changes. Shareholders should view this as a standard exercise of appointing qualified auditors to meet statutory requirements.