Appointment of Internal Auditor of the Company for Financial Year 2026-27
SHAHALLOYS · price
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Shah Alloys Ltd has appointed M/s. G M C A & Co., Chartered Accountants (Firm Registration No.: 109850W) as the Internal Auditor for Financial Year 2026-27. The appointment was approved by the Board of Directors on May 30, 2026, based on the recommendation of the Audit Committee. The firm is an Ahmedabad-based chartered accountants with experience in Internal Audit, Internal Financial Control Reviews, Statutory Audit, and Direct & Indirect Taxation. This appointment complies with section 138 of the Companies Act, 2013 and Rule 13 of the Companies (Account) Rules, 2014. The appointment appears routine as the previous auditor's term ended and a new firm was appointed for the new financial year.
This is a standard governance practice and has no immediate impact on shareholder value. The appointment of an experienced audit firm may positively signal improved internal controls to investors.