Intimation of Appointment of Internal Auditor
METROGLOBL · price
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Metroglobal Ltd's board, at its meeting on February 11, 2026, appointed M/s. Khokhani & Associates, Chartered Accountants (FRN: 151367W), as the new Internal Auditor for the remaining period of Financial Year 2025-26. The change was necessitated because the previous internal auditor resigned due to becoming ineligible to continue under Section 144 of the Companies Act, 2013. This ineligibility arose following the approval of a merger involving the company's promoter group companies. The new auditor is an Ahmedabad-based firm offering audit, tax, GST, and advisory services. The disclosure has been made under SEBI LODR Regulation 30.
This is a routine auditor change driven by regulatory ineligibility linked to a promoter group merger. It does not signal governance concerns by itself, but shareholders may want to note the underlying promoter group merger that triggered the change, as it could have broader implications for the company's group structure.