Announced Thu, 28 May · 12:40 IST

Appointment of Internal Auditor for FY 26-27

Management Changes View source PDF

Price

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Price reaction · full curve 14 horizons · vs prior close
-7.9%1-day move
₹23.35
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-7.9-14.1-7.9-10.1-11.8-10.1-16.3-17.8
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AI summary

The Board of Directors of Shree Steel Wire Ropes Ltd appointed Praveen Chandak & Associates, a Chartered Accountant firm, as the Internal Auditor for Financial Year 2026-27. The appointment was made to comply with corporate governance requirements under SEBI Listing Regulations. The firm has experience in Tax Audit, Statutory Audit, and GST Audit. The disclosure was made under SEBI Regulations 30 and was announced on May 27, 2026.

Likely market impact

This is a routine corporate governance action and appointment of internal auditor. It does not indicate any financial distress or governance concerns. The stock is unlikely to be materially impacted by this announcement.