BSEArur Footwear LtdLowNeutral
Announced Mon, 12 May · 17:06 IST

Intimation of appointment of Internal Auditor of the Company for the financial year 2024-2025 and subsequent years.

Management Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

S R Industries Limited (Scrip Code: 513515), a company recently rehabilitated from the Corporate Insolvency Resolution Process (CIRP), has appointed Mr. Vivek Singh as its Internal Auditor for FY 2024-25 and subsequent years. The appointment was approved by the Board on May 12, 2025, on the recommendation of the Audit Committee, to comply with the mandatory internal auditor requirement under Section 138 of the Companies Act, 2013 for listed entities. Mr. Singh is a chartered accountancy professional with over 7 years of experience in accounting, taxation, audit, and financial management. The appointment follows the company's emergence from CIRP, with Bazel International Limited having been approved as the Successful Resolution Applicant by the NCLT on July 1, 2024.

Likely market impact

This is a routine compliance-driven appointment and is not expected to materially impact the stock. It signals the company is rebuilding its corporate governance framework post-CIRP rehabilitation, which is a positive step for long-term operational stability.