Appointment of Cost Auditor and Internal Auditor.
VPRPL · price
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The Board of Directors of Vishnu Prakash R Punglia Ltd approved the appointment of M/s Rajendra Singh Bhati & Co. as Cost Auditor and M/s R.G. Maheshwary & Co. as Internal Auditor for FY 2026-27. Both appointments were made on the recommendation of the Audit Committee in compliance with the Companies Act, 2013. Additionally, the Board approved an increase in Authorised Share Capital from Rs. 150 crore to Rs. 200 crore (from 15 crore to 20 crore equity shares of Rs. 10 each), subject to shareholder approval. This capital increase signals potential future fundraising or expansion plans.
The auditor appointments are routine compliance matters and have no direct impact on the stock. However, the share capital increase suggests the company may be planning a dilution, rights issue, or strategic expansion, which shareholders should monitor for potential dilution of their stake.