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Wardwizard Foods and Beverages Ltd has appointed Devam J. Jayaswal, a Chartered Accountant based in Vadodara, as the company's Internal Auditor for Financial Year 2026-27, effective 30 May 2026. The appointment was made by the Board of Directors at their meeting held on 30 May 2026, based on the recommendation of the Audit Committee, to comply with Section 138 of the Companies Act, 2013 and Rule 13 of the Companies (Accounts) Rules, 2014. Jayaswal brings over 11 years of professional experience, having worked with Anil A. Shah & Co. and Amar Shah & Associates before setting up independent practice. His expertise covers statutory, tax, internal and bank audits, GST/TDS compliance, and internal financial control reviews. The appointment has been disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosures Requirements Regulations, 2015.
The appointment of a qualified, experienced internal auditor strengthens the company's financial governance and regulatory compliance framework. This is a routine governance step and is viewed positively as it enhances internal controls, though the disclosure is unlikely to have any direct material impact on the stock price in the short term.