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Rudra Ecovation Ltd (BSE Scrip: 514010) has announced a change in its Internal Auditor. Mr. Sanjay Kumar tendered his resignation from the position of Internal Auditor, effective close of business hours on May 29, 2026. The reason cited was his preoccupation with other professional assignments. In his place, the Board has appointed Mr. Mahender Paul as Internal Auditor for the financial year 2026-27 and onwards, in compliance with Section 138 of the Companies Act, 2013. Mr. Paul is described as having enriched experience in accountancy, internal audit, financial advisory, and risk advisory. The resignation and appointment were approved in the Board meeting held on May 29, 2026.
This is a routine internal audit function change and does not directly impact shareholders or stock price. However, frequent auditor changes may signal underlying governance or operational issues to watch.