Monarch Networth Capital Limited has informed the Exchange regarding Appointment of M/s Rushil Soni & Co as Internal Auditors of the company w.e.f. April 01, 2025.
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Monarch Networth Capital Limited has appointed M/s Rushil Soni & Co as the new Internal Auditors of the company, effective from April 01, 2025. Internal auditors review the company's internal controls, risk management, and operational processes. The change suggests a shift in the firm responsible for the company's internal audit function for the upcoming financial year. No further details on the reasons for the change or the previous internal auditor have been disclosed in this filing.
This is a routine corporate governance update and is unlikely to have a material impact on the stock price. Shareholders may view this as a standard compliance-related announcement with no direct effect on business operations or financials.