Board approves appointment of M/s. Agrawal Damani and Associates as Internal Auditor for FY 2026-2027 onwards
Sai Urja Indo Ventures' Board, at its meeting on 22nd October, 2026, approved the appointment of M/s. Agrawal Damani and Associates, Chartered Accountants (FRN: 134231W).
By ScoutQuest · · 2 min read
- Board Meeting Date
- 22nd October, 2026
- Internal Auditors Appointed
- M/s. Agrawal Damani and Associates, Chartered Accountants (FRN: 134231W)
- Appointment Tenure
- financial year 2026-2027 and onwards
Appointment of internal auditor: what was decided
The Board of Directors of the Company, at its meeting held on 22nd October, 2026, approved the appointment of M/s. Agrawal Damani and Associates, Chartered Accountants (FRN: 134231W), as the Internal Auditors of the Company.
The appointment covers the financial year 2026-2027 and onwards, and the firm is to conduct the internal audit for that period.
Who the firm is
- M/s. Agrawal Damani and Associates is a Nagpur based practising Chartered Accountant firm.
- The update states the firm has experience in auditing and finance.
- The update also states that the partners of the firm are independent of the promoters as well as the Directors of the Company.
What an internal auditor does
An internal auditor checks the company's own processes and records from the inside, on behalf of the Board and its audit committee. This is separate from the statutory auditor, who reviews and signs off the company's financial statements. An internal auditor typically looks at whether controls, record-keeping and operating processes are working as intended, and reports findings to the management and the audit committee.
What this intimation contains
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, together with the details required by the SEBI circular dated July 13, 2023. The annexure sets out the name of the firm, the reason (appointment), the date of appointment and terms, and a brief profile. Against the row on relationships between directors, the update marks it as not applicable, which corresponds to the fact that this is an auditor appointment and not a director appointment.
How a reader might view it
This is a routine board-level appointment concerning the Company's internal audit arrangement for the coming financial year. The information given is descriptive; the update contains no financial terms, fees or other commercial details of the engagement.
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