Annoucement Under Regulation 30 (LODR)for appointment of Internal Auditor N R KALAL and Associates in place of SNDK & Associates LLP
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VMS Industries has appointed M/s N R Kalal and Associates, Chartered Accountants, as its new Internal Auditor for FY 2025-26, replacing the previous internal auditor M/s SNDK & Associates LLP. The outgoing firm resigned citing pre-occupation with other assignments. The new auditor is a small firm with two qualified Chartered Accountants led by Naresh Kalal, with about 7 years of experience in audit, assurance, taxation, and internal controls. The change was approved by the Board on 12 August 2025 and is in line with Section 138 of the Companies Act, 2013. This is a routine internal auditor rotation and does not involve the company's statutory auditor.
This is a routine internal governance matter and is unlikely to have any material impact on the stock price or shareholders. No concerns about financial reporting integrity have been flagged, and the reason for the change is simply scheduling/pre-occupation.