Intimation regarding Resignation of Internal Auditor of the Company
Awaiting price reaction for this filing.
AVI Polymers Ltd has informed the BSE that the company has received the resignation of Mr. Manpal Kothari from the position of Internal Auditor, effective 23rd May 2025. The resignation letter has been submitted to the Board of Directors, and a copy has been filed with the stock exchange. The Managing Director, Chintan Patel, has signed and disclosed the intimation. No reason for the resignation has been disclosed in the filing.
An internal auditor's mid-term resignation may raise minor governance concerns for shareholders, though it is not unusual and a replacement is typically appointed. Investors may watch for the appointment of a new internal auditor to ensure continued compliance and internal controls.