Announcement under regulation 30 for change in Internal Auditor of the Company
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KCD Industries India Ltd has announced a change in its Internal Auditor. M/s SN & Co., Chartered Accountants (FRN: 128887W) has resigned as Internal Auditor due to other professional commitments and pre-occupations, effective November 14, 2025. The Board, on the recommendation of the Audit Committee, has appointed M/s SWM & Associates, Chartered Accountants (FRN: 137336W) as the new Internal Auditor for financial year 2025-26. SWM & Associates is a firm with experience in audit, assurance, IND AS, IFRS, US GAAP, and internal audit services. The change was approved at a Board meeting held on November 14, 2025.
This is a routine change of internal auditor with a non-controversial reason (pre-occupation). The appointment of a firm with broader expertise (IND AS, IFRS, US GAAP) may strengthen internal audit quality. No significant governance red flags, and the stock price is unlikely to be materially affected.