Board okays new internal auditor, re-appoints cost auditor, reviews ESOP draft
QPOWER · price
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On June 30, 2026, the board of Quality Power Electrical Equipments approved three items: appointment of Bathiya Advisors LLP as the new internal auditor for three years from FY 2026-27 to FY 2028-29, replacing the existing internal auditor; re-appointment of M/s R.S. Kale and Co as cost auditor for FY 2026-27; and in-principle approval of a draft Employee Stock Option Plan (ESOP), which will undergo further review by the Nomination and Remuneration Committee before final approval and shareholder vote.
Routine governance updates. New internal auditor brings fresh oversight, cost auditor continuity is steady, and ESOP review signals potential employee incentive plan ahead.