SEDEMAC Mechatronics Limited has informed the Exchange regarding Change in Auditors of the company.
SEDEMAC · price
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SEDEMAC Mechatronics Limited has appointed M/s. Manubhai & Shah LLP, Chartered Accountants, as its Internal Auditor for the 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. Manubhai & Shah LLP is a well-established chartered accountancy firm founded in 1975 with a global client base. This appears to be a routine annual appointment of the internal auditor, which is a standard corporate governance requirement under SEBI Listing Regulations.
This is a routine appointment and does not indicate any issues with the previous internal auditor or governance concerns. The appointment of a reputable firm like Manubhai & Shah LLP for internal audit functions may be viewed positively for governance standards, but has minimal direct impact on the stock price.