Kothari Industrial Corporation Limited has made a disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the appointment of its Internal Auditor for FY 2026-2027.
The Board of Directors, in their meeting held on March 30, 2026, approved the appointment of M/s Value Chakra Advisory Private Limited as the company's Internal Auditor for the Financial Year 2026-27. This decision was made based on the recommendation of the Audit Committee.
The appointment is effective from May 30, 2026. The reason for the appointment is to comply with the Companies Act, 2013 and the requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Value Chakra Advisory Private Limited (VCA) is described as a professional services firm providing integrated Management Consulting, Risk Advisory, Tax Advisory and Financial Advisory services to organizations across India and abroad. The firm works as a long-term partner to clients, helping them streamline business processes, manage risk, comply with applicable laws, and make informed strategic decisions.
The disclosure includes the required information under Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. There are no relationships between directors disclosed in relation to this appointment.
The communication was signed by Anil Kumar Padhiali, Company Secretary and Compliance Officer of Kothari Industrial Corporation Limited, and addressed to BSE Limited.
Financial Impact
No financial impact quantified in the disclosure.