Intimation regarding Appointment of Internal Auditor.
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Yash Innoventures Ltd has appointed Mr. Jignesh Dave, an advocate, as the new Internal Auditor of the company for the period from 01.04.2025 to 31.03.2026, based on the recommendation of the Audit Committee and approval by the Board of Directors. This appointment fills a casual vacancy caused by the resignation of the previous Internal Auditor, Mr. Darshit Raval (also an advocate), who was appointed on 22.10.2024 and resigned effective 01.04.2025. Mr. Jignesh Dave holds a B.Com and LLB from Gujarat University and has prior experience as a Legal Executive in multiple companies from December 2016 to March 2025. He is not related to any director on the Board and is not debarred by SEBI from holding the position.
This is a routine internal audit change with no material impact on shareholders. The quick turnover of internal auditors (the previous one served only ~5 months) and the appointment of an advocate (rather than a chartered accountant) in this role may raise minor governance questions for retail investors to monitor.