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Awaiting price reaction for this filing.
Spectrum Foods Limited has informed the BSE that its Board of Directors, at a meeting held on May 10, 2025, appointed M/s Tushar Sharma & Co, Chartered Accountants (Firm Registration No. 034267C), as the Internal Auditor of the Company for the Financial Year 2025-26. The appointed firm has around 2 years of experience in company audits, tax audits, internal audits, accounting, and income tax matters. The disclosure was made under SEBI Listing Regulations, and the Managing Director Girdhar Saboo signed the announcement. Notably, the auditor's consent letter erroneously refers to 'Saboo Sodium Chloro Limited' instead of Spectrum Foods Limited, which appears to be a clerical mismatch.
This is a routine governance disclosure and is unlikely to have any material impact on the stock price or shareholders. It simply confirms that the company has an internal auditor in place for the upcoming financial year, which is a regulatory requirement under the Companies Act, 2013.