Cessation of CA Aman Jain as an internal auditor with effect from closing business hours of March 10, 2026.
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The Board of Malpani Pipes and Fittings Ltd accepted the resignation of CA Aman Jain (Membership No. 471675) as Internal Auditor, effective from the close of business hours on March 10, 2026. The resignation was due to his pre-occupancy in other assignments, with no material reasons cited. The Board simultaneously approved the appointment of CA Aditya Parwal (Membership No. 471304) as the new Internal Auditor, effective March 11, 2026, to conduct the internal audit for the financial year 2025-26. CA Aditya Parwal is a Chartered Accountant with over 6 years of experience in taxation, audit, and financial compliance. The communication was signed by Harsh Malpani, Whole-Time Director & CFO.
This is a routine internal auditor change driven by the outgoing auditor's workload constraints, not any governance or financial concern. With a replacement appointed the very next day and no material reasons disclosed, shareholders should not read this as a negative signal for the stock.