Appointment of Internal Auditor in the meeting held today i.e. 10.05.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Spectrum Foods Ltd's Board of Directors, in a meeting held on May 10, 2025, appointed M/s Tushar Sharma & Co, Chartered Accountants (Firm Reg No. 034267C), as the Internal Auditor of the company for FY 2025-26. The firm is based in Jaipur and has about 2 years of experience in company audit, tax audit, internal audit, accounting, and income tax matters. The board meeting was short, running from 5:00 PM to 5:30 PM. The disclosure was signed by Managing Director Girdhar Saboo (DIN: 00364770). A minor inconsistency was noticed — the auditor's consent letter incorrectly references 'Saboo Sodium Chloro Limited' instead of Spectrum Foods Ltd, likely a clerical error.
This is a routine annual governance compliance matter under the Companies Act and SEBI listing rules. It has no material impact on shareholders or the stock price. Shareholders may want clarity on why a relatively new (2-year-old) audit firm was chosen over more established ones.