Intimation of appointment of Internal Auditor
Awaiting price reaction for this filing.
South Asian Enterprises Ltd has appointed M/s. S. Bansal & Associates, Chartered Accountants (FRN: 002498N) as its Internal Auditor for Financial Year 2025-26. The appointment was made by the Board of Directors on May 28, 2025, based on the recommendation of the Audit Committee and in line with Section 138 of the Companies Act, 2013. The firm is a Delhi-based Chartered Accountants practice with over 32 years of experience in internal audits, accountancy, taxation, and allied areas. The filing confirms there are no relationships between the auditor and any directors of the company.
This is a routine governance-related disclosure. The appointment of an experienced internal auditor is a positive compliance signal but is unlikely to have a material impact on the stock price.