Intimation under Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015
Awaiting price reaction for this filing.
On 1st September 2025, the board of Hindusthan Insulators & Industries Ltd accepted the resignation of M/s. NSBP & Co., Chartered Accountants, as the company's Internal Auditors. NSBP & Co., who had only just been re-appointed for FY 2025-26, stepped down citing personal reasons (resignation letter dated 28 August 2025). To fill the position, the board appointed M/s. KG Somani & Co., LLP as the new Internal Auditors for FY 2025-26. KG Somani & Co. is a well-established third-generation chartered accountancy firm founded in 1966, with five decades of experience across internal audit, risk advisory, valuations, due diligence, and statutory audit. The board meeting was brief, lasting just 20 minutes (11:00 AM to 11:20 AM).
This is an internal auditor change and does not directly affect shareholders or financial statements. NSBP & Co. quit soon after being re-appointed, which is mildly unusual, but the replacement by a larger, more reputed firm like KG Somani & Co. is neutral to slightly positive for governance and audit quality.