NELCO Limited has informed the Exchange regarding 'Intimation of appointment of Internal Auditor of wholly-owned subsidiary of the Company..'.
NELCO · price
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NELCO Limited informed the exchanges about the appointment of Protiviti India Member Private Limited as the Internal Auditor for its unlisted material wholly-owned subsidiary, Nelco Network Products Limited (NNPL). The appointment has been approved by NNPL's Board of Directors for a period of 3 consecutive years starting from FY 2026-27. Protiviti is a global consulting firm with operations in over 25 countries. This disclosure is made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is a routine corporate governance disclosure with no direct impact on NELCO's stock price. The appointment of a reputable global firm like Protiviti for internal audit of the material subsidiary may be viewed positively from a governance perspective.