Intimation for Appointment of Internal Auditor
Awaiting price reaction for this filing.
GB Global Ltd (formerly Mandhana Industries Limited, BSE Scrip: 533204) announced the appointment of M/s. JVJ & Co. LLP, Chartered Accountants as Internal Auditors for Financial Year 2026-27. The appointment was approved at the Board meeting held on 29th May 2026. Along with this, the Board also approved appointments of Cost Auditor and Secretarial Auditor for the same period. Additionally, the statutory auditors issued audit reports with a modified opinion on the company's financial statements for the quarter and year ended 31st March 2026.
The appointment of a new internal auditor is routine for compliance. However, the modified opinion from statutory auditors signals potential concerns about the company's financial reporting quality or internal controls, which may be negative for investor confidence.