Announced Fri, 23 May · 15:46 IST

1. Appointment of M/S Gupta Akash & co. as internal auditor for the F.Y. 2025-26. 2. Appointment of M/s Mahendra Khandelwal & co. as Secretarial Auditor for the period of five years with ....

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AI summary

The Board of Directors of Magnanimous Trade & Finance Ltd, at its meeting held on 23rd May 2025, approved the appointment of M/s Gupta Akash & Co. as the Internal Auditor for FY 2025-26. The Board also approved the appointment of M/s Mahendra Khandelwal & Co. as the Secretarial Auditor for a five-year term starting 1st April 2025. The meeting concluded at 2:30 PM. Detailed information as required under SEBI Listing Regulations and the November 2024 SEBI circular is provided in Annexure I.

Likely market impact

This is a routine corporate governance update — fresh auditor appointments strengthen compliance and audit oversight, but carry no material impact on operations or shareholder value.