BSEMorgan Ventures LtdLowNeutral
Announced Fri, 29 May · 16:46 IST

Appointment of Internal Auditors

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Price reaction · full curve 14 horizons · vs prior close
+2.1%1-day move
₹49.39
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary

Morgan Ventures Ltd has appointed H. Tara & Co., a firm of Practicing Cost Accountants (FRN: 100265), as Internal Auditor for FY 2026-27. The appointment was approved by the Board of Directors on May 29, 2026. The auditor, CMA Harkesh Tara, is a Fellow Member of the Institute of Cost Accountants of India and a registered insolvency professional with experience in Cost Accounting, Company Audit, Tax Audit, Internal Audit, and Insolvency Matters. The firm confirmed it has no disqualifications under Section 138 of the Companies Act, 2013 and maintains an arm's length relationship with the company.

Likely market impact

This is a routine governance disclosure confirming proper appointment of an independent internal auditor. No material impact on stock price expected, though it demonstrates compliance with statutory requirements.