Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015, the re-appointment of Internal Auditor of the Company for the financial year 2026-27.
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Telge Projects Ltd has re-appointed Mr. Vinayak Sahebrao Mane as Internal Auditor for FY 2026-27. The appointment was approved at the Board Meeting held on May 18, 2026, based on the recommendation of the Audit Committee. Notably, Mr. Mane also serves as the Chief Financial Officer (CFO) of the company. He holds an MBA in Financial Management and has over 11 years of experience in accounts and finance. The re-appointment complies with Section 138 of the Companies Act, 2013.
The dual role of CFO and Internal Auditor raises governance concerns as it compromises the independence of the internal audit function. This is a material weakness in internal controls and could be viewed negatively by investors focused on corporate governance standards.