Announced Fri, 29 May · 22:53 IST

Attached Intimation for Appointment of internal Auditor for FY 2026-27

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Price reaction · full curve 14 horizons · vs prior close
-8.6%1-day move
₹0.70
prior close
₹0.71
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-4.2-5.6-5.6-5.6-8.6-11.4-8.6-10.0-10.0-11.4-10.0-11.4
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AI summary

Mangalam Industrial Finance Ltd has appointed M/s. Upadhyay & Company LLP, a Chartered Accountants firm based in Pune (FRN: 131136W), as its Internal Auditor for Financial Year 2026-27, effective 1st April 2026. The appointment was made by the Board of Directors at their meeting held on 29th May 2026 to comply with Section 138 of the Companies Act, 2013. The firm, incorporated in June 2017, offers services including audit, tax advisory, GST compliance, and regulatory advisory across India. This is a routine compliance appointment with no changes to the company's auditor rotation cycle.

Likely market impact

No direct impact on shareholders as this is a mandatory corporate governance requirement. The appointment of a qualified external internal auditor reinforces the company's compliance framework and internal control systems, which is a positive governance practice.