Appointment of Internal Auditor w.e.f. 29th May, 2026.
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The Board of Sunil Industries Ltd met on May 29, 2026 and approved the appointment of M/s. Chetan Jain & Associates, Chartered Accountants, Mumbai as Internal Auditors for FY 2026-2027. The firm brings expertise in internal controls and regulatory compliance. The Board also approved audited financial results for Q4 and year ended March 31, 2026, reporting net profit of Rs. 301.04 lakhs, significantly up from Rs. 107.41 lakhs in the previous year. Additionally, Ms. Shruti Saraf completed her term as Independent Director on May 26, 2026, ceasing to be a director as per Section 149(11) of the Companies Act, 2013. The statutory auditor gave an unmodified (clean) opinion on the financial statements.
The appointment of a specialized internal auditor may strengthen governance practices. The strong year-on-year profit growth signals improved operational performance. The departure of an independent director reduces board independence and may warrant monitoring for replacement.