Re-appointment of Internal Auditor and appointment of Secretarial Auditors
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Awaiting price reaction for this filing.
Sheraton Properties & Finance Ltd's board, at a meeting held on August 29, 2025, approved two items. First, M/s. M.R.V & Co., Chartered Accountants has been re-appointed as the Internal Auditor of the company for financial year 2025-26. Second, Rathi & Associates, Company Secretaries (a peer-reviewed firm established in 1988) has been appointed as the Secretarial Auditor for a five-year period covering FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming Annual General Meeting. Both decisions were made in line with SEBI Listing Regulations disclosure requirements. The brief profiles of both firms were provided in Annexure A to the filing.
This is a routine compliance announcement and is unlikely to have any meaningful impact on the stock price. It signals continuity in audit oversight and brings in an experienced secretarial auditor, which supports good corporate governance practices for shareholders.