SEDEMACBSESedemac Mechatronics LtdLowNeutral
Announced Mon, 18 May · 17:58 IST

Intimation regarding the appointment of Internal Auditor for FY 2026-27.

SEDEMAC · price

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Price reaction · full curve 14 horizons · vs prior close
+4.2%1-day move
₹2003.00
prior close
₹2087.40
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-5.3-5.4-3.0-2.9+4.2-0.7-0.9+2.3+6.5+6.7+27.5+34.8+33.4
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AI summary

Sedemac Mechatronics Limited has announced the appointment of M/s. Manubhai & Shah LLP, Chartered Accountants, as the Internal Auditor for financial year 2026-27. The appointment was approved by the Board of Directors on May 18, 2026, based on the recommendation of the Audit Committee. The firm has a long-established history dating back to 1975 and has been providing chartered accountancy services. This disclosure is made pursuant to Regulation 30 of the SEBI Listing Regulations. The appointment is for a one-year term covering FY 2026-27.

Likely market impact

This is a routine corporate governance disclosure confirming the company's internal audit function is in place. It has no direct impact on stock price or shareholder value as this is a standard compliance requirement for listed companies.