Intimation regarding appointment of Internal Auditor
Awaiting price reaction for this filing.
South Asian Enterprises Ltd has announced the appointment of M/s. S. Bansal & Associates, Chartered Accountants as the company's Internal Auditor for Financial Year 2026-27. The appointment was made by the Board of Directors on May 21, 2026, based on the recommendation of the Audit Committee. This appointment is in compliance with Section 138 of the Companies Act, 2013 and SEBI Listing Regulations. The firm is based in Delhi with over 33 years of experience in conducting internal audits. The disclosure confirms no relationships exist between the appointed auditor and any directors of the company.
This is a routine governance update confirming the appointment of an external firm as internal auditor. No direct impact on stock price expected, though it reflects good corporate governance practice.