Appointment of Internal Auditors and Secretarial Auditors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fractal Industries Limited's Board meeting on May 26, 2026 approved and adopted the audited standalone and consolidated financial statements for FY ended March 31, 2026. The Statutory Auditors, M/s Keyur Shah & Associates, expressed an unmodified (clean) opinion on the financial results. The Board appointed M/s Parth Nair and Associates as Secretarial Auditor and M/s N S Rathi & Associates as Internal Auditor for FY 2026-27. Additionally, related party transactions with M/s Nested Brands Private Limited were approved for sale, purchase and labour charges not exceeding Rs. 10 crore for FY 2026-27.
The clean audit opinion is positive for shareholders as it indicates no material discrepancies in financial reporting. The routine appointment of new auditors for the financial year and approval of related party transactions are standard governance practices with no immediate material impact on the stock.