Announced Thu, 3 Jul · 16:29 IST

Manaksia Coated Metals & Industries Limited has informed the Exchange regarding Change in Auditors of the company.

Auditor Resigned MidtermManagement Changes View source PDF

MANAKCOAT · price

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Price reaction · full curve

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AI summary

Manaksia Coated Metals & Industries Limited has informed the exchanges that its Internal Auditor, M/s. B.Chhawchharia & Co., has resigned with immediate effect from July 3, 2025. The resignation is attributed to personal reasons, and no further details on the reason were disclosed. The Company Secretary, Shruti Agarwal, has signed the intimation filed under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The company has not yet announced a replacement internal auditor.

Likely market impact

An internal auditor resignation is a routine governance matter but may raise mild governance concerns if not promptly replaced, as internal audits are important for internal financial controls. Investors should watch for the appointment of a new internal auditor to ensure continuity of oversight functions.