We hereby submit the disclosure that the board of directors approve the appointment of internal auditor of the company in the board ,meeting held today 17/06/2025 for the fY 2025-26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Neeraj Paper Marketing Ltd has appointed M/s VPSJ & Co, Chartered Accountants, as its new Internal Auditor for the financial year 2025-26, effective from a board meeting held on 17 June 2025. This appointment comes after the previous internal auditor, M/s Maa & Company (appointed on 30 May 2025), resigned within about 10 days due to pre-occupation with other assignments, with that resignation being intimated to the stock exchange on 9 June 2025. VPSJ & Co is a CA firm with over 10 years of experience in audit, taxation, accountancy, and financial consultancy across diverse sectors. There is no disclosed relationship between the auditor firm and the company's directors. The board meeting ran from 2:00 PM to 2:50 PM.
This is a routine governance update with no material impact on shareholders or the stock price. However, the quick turnover of internal auditors within two weeks is a minor governance red flag that investors may want to monitor, though a replacement has already been put in place.