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Texel Industries Ltd has announced the appointment of M/s. Sweta Patel & Associates as the new Internal Auditor, effective from 1st April 2026. The appointment was approved in a board meeting held on 29th May 2026 and disclosed on 28th May 2026 under SEBI LODR regulations. The new auditor is a Chartered Accountant firm with over 15 years of experience. The announcement does not mention any reason for the change or whether the previous auditor resigned, suggesting this may be a routine rotation or term completion rather than a forced departure.
This is a routine internal audit appointment with no immediate implications for shareholders or stock price. The appointment of an experienced CA firm may be marginally positive for governance standards.