Please find enclosed.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Spinaroo Commercial Ltd held a meeting on May 14, 2026, where two key decisions were made regarding the internal audit function. Mr. Harsh Satish Udeshi tendered his resignation as the Internal Auditor, which was accepted by the Board effective end of working hours of May 14, 2026. The Board subsequently appointed Mr. Shivam Rajgarhia, a Chartered Accountant, as the new Internal Auditor. Shivam Rajgarhia has been in professional practice since 2019 and previously worked at SDP & Associates. The appointment is effective from July 15, 2025 for the financial year 2026-27. The Board also approved convening the 14th Annual General Meeting on June 8, 2026.
The resignation and immediate replacement of the internal auditor indicates a change in the company's internal control framework. While the new auditor brings external professional experience, the mid-term change may raise questions about audit continuity and governance practices among investors.