Change in Internal Auditor
Nature of change: Appointment of Internal Auditor
Name and registration details: M/s. R J and Associates, Cost Accountants, a Partnership firm (Firm Registration No. 004690)
Effective date and tenure: August 12, 2026 for conducting Internal Audit of the Company for the Financial Year 2026-2027
Brief profile and qualifications: R J and Associates has offices in Ahmedabad and Halvad, Gujarat. The firm offers extensive expertise in accounts, costing, taxation, finance, and management accountancy across industries including Cement, Petroleum, Textile, Dairy, Steel, and Pharmaceuticals. They have been associated with the company since 2023 as internal auditors. Services provided include cost accounting record maintenance, cost audit compliance, excise valuation, MIS, pricing, product certification, and comprehensive internal audits covering risk profiling, assessment, control evaluation, and reporting to manage operational and financial risks.
The firm is led by partners Rahul A. Modh and Jignesh S. Tarbundiya, both Fellow Members of The Institute of Cost Accountants of India, with over a decade of experience in costing, legal, secretarial, and financial fields.
Basis of appointment: The Board of Directors and the Audit Committee evaluated the firm's profile considering their industry-diverse experience, audit expertise, and presence in Ahmedabad and Halvad. The firm was found suitable for appointment as Internal Auditors based on their proven capabilities in cost and internal audits across multiple sectors.
Regulatory compliance: The appointment complies with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Relationship with directors: Not Applicable