Pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors has approved the Re-appointment of M/s Sanghi & Co. ....
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North Eastern Carrying Corporation Limited's Board of Directors has approved the re-appointment of M/s. Sanghi & Co., Chartered Accountants, as the company's Internal Auditor for a term of five consecutive financial years (FY 2026-27 through FY 2030-31), effective May 29, 2026. Sanghi & Co. is a firm with over 30 years of professional experience in audit services, including internal audit, risk management, and compliance, serving several well-established companies. The firm is based in Noida, Uttar Pradesh, with proprietor Ram Kishan Sanghi. The re-appointment complies with Section 138 of the Companies Act, 2013, and the firm confirmed it is not disqualified under applicable regulations.
The re-appointment of a credible internal auditor for a five-year term provides continuity in the company's internal audit function, which is a positive governance step. However, this is a routine administrative filing and is unlikely to have any immediate impact on the stock price.