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Awaiting price reaction for this filing.
The Board of Directors of Valley Magnesite Company Ltd appointed M/s ALPS & CO., Chartered Accountants as the Internal Auditor for Financial Year 2026-27. The appointment was approved at the Board meeting held on 17 April 2026 at the company's registered office in Kolkata. ALPS & CO. is a peer-reviewed firm managed by CA Ashok Kumar Khetawat and others, with expertise in risk-based internal audit, due diligence, and assessment of internal financial controls.
This is a routine corporate governance update. The appointment of a new internal auditor for FY 2026-27 ensures continuity of internal audit functions and has no immediate impact on share price.