Appointment of Internal Auditor for FY 2025-26 & Appointment of Secretarial Auditor for FY 2024-25
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Sattrix Information Security announced three board-level updates from its meeting on August 28, 2025. Mr. Aashish Hemantbhai Kashiparekh (DIN: 00054785) resigned as an Independent Director effective August 27, 2025, citing personal pre-commitments as the reason. The company appointed M/s. Y K Shah & Associates, Chartered Accountants, as its Internal Auditor for FY 2025-26, citing expertise in internal audits, compliance, IFC, and risk management. It also appointed M/s. Govil Rathi & Associates, Practicing Company Secretaries, as Secretarial Auditor for FY 2024-25, a peer-reviewed firm led by CS Govil Rathi with over 12 years of experience. Both auditor appointments were made on the recommendation of the Audit Committee. The board meeting lasted just 10 minutes.
These are routine governance and compliance updates — the director exit is due to personal reasons with no governance red flags mentioned, and the auditor appointments are standard annual requirements. No material impact on shareholders or stock price is expected.