VIKRANNSEVikran Engineering LimitedMediumNeutral
Announced Thu, 16 Apr · 18:55 IST

Vikran Engineering Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

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AI summary

Vikran Engineering Limited has announced the appointment of RSM Astute Consulting Private Limited as its Internal Auditors. The appointment is for a period from 1st January 2026 to 31st March 2029, approved by the Board of Directors. RSM Astute is a member of RSM International and ranks among the top audit, tax, and consulting firms in India with over 3,000 professionals across 14 cities. The firm has a dedicated Internal Audit & Risk Advisory Services practice with expertise in IT assurance, forensics, ESG, and analytics. The company has confirmed that RSM Astute is not related to any Director or Key Managerial Personnel of the company.

Likely market impact

This is a routine appointment of internal auditors for a 3-year term. The engagement of a reputable firm like RSM India suggests improved governance practices. However, this pertains to internal auditors, not statutory auditors, and does not indicate any issues with existing audit arrangements.