BSESofcom Systems LtdMinimalNeutral
Announced Mon, 6 Apr · 13:37 IST

As per the attachment

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Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹23.38
prior close
₹23.98
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0-0.1-3.7+2.7+8.2+16.5+18.4+19.8+14.6+13.2+2.4-15.4-6.3
Up moveDown movePending
AI summary

The Board of Directors of Sofcom Systems Ltd, in a meeting held on April 6, 2026, approved the appointment of M/s Tamakuwala & Co., Chartered Accountants as Internal Auditors of the Company. The appointment is for a term of 5 Financial Years commencing from FY 2025-26 up to FY 2029-30. The firm, based in Surat, Gujarat, has been registered with ICAI since June 1970 and provides audit, tax, and advisory services across India. The board meeting lasted only 20 minutes, indicating a routine matter.

Likely market impact

This is a routine corporate governance announcement with no direct impact on the stock price. The appointment of a new internal auditor for a 5-year term reflects standard compliance requirements under SEBI regulations.