Change in internal Auditors of the Company_The Board took note of the cessation of M/s B A R & Associates as Internal auditors due to its merger with another firm M/s K K N & Associates, ....
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Marc Loire Fashions has changed its internal auditor. The previous internal auditor, M/s B A R & Associates, ceased from the role because it merged with another Chartered Accountant firm, M/s K K N & Associates. Following the merger, a new firm called M/s S U V & Co. was formed by the partners of both entities. The Board, on the recommendation of the Audit Committee, appointed M/s S U V & Co. (FRN: 029077N) as the new Internal Auditor for the financial year 2025-26 at its meeting on 14 March 2026. S U V & Co. is described as a reputed CA firm with partners having over 10 years of experience in audits, taxation, and risk management. The change is procedural in nature, arising purely from a structural merger of the audit firms rather than any governance issue.
This is a routine, administrative change driven by a merger of the audit firms, not by any disagreement or concern. The partners continue under a new firm name, so continuity in audit quality is expected. No material impact on shareholders or the stock is anticipated.