SOMICONVEYBSESomi Conveyor Beltings LtdMediumNeutral
Announced Wed, 20 May · 18:52 IST

Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding appointment of Internal Auditor and Cost Auditor.

Management Changes View source PDF

SOMICONVEY · price

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Price reaction · full curve 14 horizons · vs prior close
-7.8%1-day move
₹112.80
prior close
₹106.30
base price
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AI summary

Somi Conveyor Beltings Ltd's Board of Directors, in a meeting held on 20th May 2026, appointed two external audit firms for FY 2026-27. M/s. B. P. Bang & Company was appointed as Internal Auditor and M/s. Anchal Jain & Co. was appointed as Cost Auditor. Both appointments took effect on 20th May 2026. B. P. Bang & Company brings experience in statutory and internal audits for nationalised banks. CMA Anchal Jain, the principal of the cost audit firm, has prior experience in management roles at Sharda Exports and Mawana Sugars, and has handled audits across banks, PSUs, and private industries. These are routine annual appointments made at the start of the new financial year.

Likely market impact

The appointments of new internal and cost auditors for FY 2026-27 represent standard compliance practice and do not indicate any governance issues or auditor disputes. This is a routine corporate filing with no material impact on stock price or shareholder interests.