Cambridge Technology Enterprises Limited has informed the Exchange regarding Change in Auditors of the company.
CTE · price
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Cambridge Technology Enterprises Limited's Board of Directors, in a meeting held on May 30, 2026, approved the appointment of M/s. Aggarwal Monika & Co., Chartered Accountants, as the Internal Auditor for Financial Year 2026-27. The appointment was made based on the recommendation of the Audit Committee and will be carried out in compliance with Section 138 of the Companies Act, 2013. The firm, based in Delhi, was established in 2019 and provides audit, taxation, and business advisory services across various sectors including manufacturing, trading, and e-commerce. The document covers only the internal auditor appointment; there is no mention of any change in the statutory auditor.
The appointment of a new internal auditor indicates ongoing compliance with regulatory requirements. However, since only an internal auditor (not the statutory/external auditor) has changed, the impact on shareholders and stock price is minimal. The headline mentioning 'Change in Auditors' may cause minor confusion as the filing only covers internal auditor appointment.