Gujarat Narmada Valley Fertilizers and Chemicals Limited has informed the Exchange about appointment of Internal Auditors
GNFC · price
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GNFC's Board of Directors, at its meeting on August 6, 2025, approved the appointment of M/s. Deloitte Touche Tohmatsu India LLP (Ahmedabad) as Internal Auditors for three years, from October 1, 2025 to September 30, 2028, on a rotation basis. The Board also appointed M/s. J.J. Gandhi & Co., Practicing Company Secretaries (Vadodara), as Secretarial Auditors for five consecutive years (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming AGM. Deloitte is one of the Big-4 global accounting firms, while J.J. Gandhi & Co. brings over 25 years of experience in corporate secretarial compliance.
These are routine auditor appointments on rotation, which is standard governance practice and not expected to materially impact the stock price or shareholders. Bringing in a Big-4 firm as internal auditor may be viewed positively as a governance and internal control enhancement.