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Baroda Rayon Corporation Ltd has appointed M/s Patel & Associates, Chartered Accountants (Firm Registration No. 130005W), based in Surat, as its Internal Auditor for the financial year 2025-26. The appointment was made by the Board of Directors on May 30, 2025, based on the recommendation of the Audit Committee. The appointed firm has 16 years of experience in audit, project finance, subsidies, and tax advisory services. This is a standard regulatory compliance requirement under the Companies Act, 2013 and SEBI Listing Regulations.
This is a routine annual compliance appointment and is unlikely to have any material impact on the stock price or shareholders. It reflects normal corporate governance practice with no indication of any governance concerns.