This is to inform you that on the recommendation of Audit Committee that the Board of Directors of the company, at its meeting held today i.e. 29th May, 2026 has approved the appointment ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deco Mica Ltd's Board of Directors, on the recommendation of the Audit Committee, approved the appointment of M/s. Nimesh M. Shah & Co., a practicing firm of Chartered Accountants, as the company's Internal Auditor for Financial Year 2026-27. The appointment is made under Section 138 of the Companies Act, 2013. The firm, led by partner Nimesh M. Shah (FCA), brings approximately 25 years of experience covering Income Tax, Statutory Audit, Internal Audit, Tax Audit, Bank Statutory Audit, NBFC Compliance, and RERA Act Compliance. The appointment follows proper regulatory procedure under SEBI (LODR) Regulations. This is a routine governance-related appointment and not a replacement of an existing auditor.
The appointment of an independent and experienced internal auditor is a positive governance step, indicating the board's commitment to stronger internal controls. However, this is a routine operational matter and is unlikely to have any direct short-term impact on the company's stock price.