Announced Fri, 22 May · 19:06 IST

Board of Directors at their meeting held Today, 22 May, 2026 have appointed Internal Auditor for the FY 2026-27.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-3.1%1-day move
₹162.60
prior close
₹160.00
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-3.4-3.1-2.8-1.5-3.1-5.0-6.0-4.4-4.9-5.4-7.1-12.0+3.4
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AI summary

The Board of Directors of Manoj Vaibhav Gems N Jewellers Ltd re-appointed M/s. P.A. Naidu & Associates, Chartered Accountants, as Internal Auditor for the financial year 2026-27. The appointment was based on recommendations from the Audit Committee and was approved at a board meeting held on May 22, 2026. The internal auditor, led by P Appala Naidu who is a fellow member of ICAI with 17 years of experience, will continue to provide audit, taxation, and internal financial control services. This is a routine annual re-appointment rather than a new engagement.

Likely market impact

This is a standard governance action with no material impact on shareholders. The continuity of the same internal auditor suggests stable internal controls rather than any concerns requiring auditor change.