Cartrade Tech Limited has informed the Exchange regarding Appointment of Mr Jeenendra Mohanlal Bhandari as Internal Auditors of the Company w.e.f. April 01, 2025.
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CarTrade Tech has appointed M/s MGB & Co. LLP, Chartered Accountants (FRN 101169W/W-100035) as its Internal Auditor for Financial Year 2025-26. The appointment was approved by the Audit Committee and Board of Directors at their meeting held on May 07, 2025. Mr. Jeenendra Mohanlal Bhandari, a Partner at MGB & Co. LLP, will lead the internal audit. MGB is described as a 46-year-old multidisciplinary firm offering tax advisory, compliance, assurance, and risk consulting services, based in Lower Parel, Mumbai. The appointment is made to comply with the Companies Act 2013 and SEBI Listing Regulations. This is a routine governance and compliance-related appointment with no indication of any prior auditor issues.
This is a routine, regulatory-driven internal auditor appointment and is unlikely to have any material impact on the stock price or shareholder value. It reflects standard corporate governance practice by CarTrade Tech.