Appointment of Internal Auditor.
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UR Sugar Industries Ltd (formerly HKG Limited) has appointed M/s. Chandargi & Co, Chartered Accountants as their new Internal Auditors for FY 2025-26, effective 19th May 2026. The appointment was made by the Audit Committee and Board of Directors. The reason stated is that the previous Internal Auditor failed to conduct the Internal Audit and provide necessary support, leading to their replacement mid-term. This is disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The mid-term replacement of the internal auditor suggests potential concerns about the previous auditor's performance or compliance. While this is a routine governance matter, it may raise minor concerns about internal audit continuity.