Caspian Corporate Services appoints Shah Sanghvi & Associates as Internal Auditor
Caspian Corporate Services has finalized its internal audit function for FY27 by appointing M/s. Shah Sanghvi & Associates. The Board approved the appointment on August 5, 2026, in compliance with SEBI Regulation 30 and the Companies Act, 2013. The Ahmedabad-based firm brings expertise in taxation, valuation, and corporate law advisory.
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Caspian Corporate Services has appointed M/s. Shah Sanghvi & Associates as its Internal Auditor for the financial year 2026-27. The Board of Directors approved the engagement during a meeting held on August 5, 2026, finalizing the governance structure for the upcoming fiscal period. This appointment ensures the company meets statutory audit requirements under the Companies Act, 2013, and maintains robust internal control mechanisms.
The decision was formalized in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Sukumar Reddy Garlapati, Managing Director of Caspian Corporate Services Limited (DIN: 00966068), signed the disclosure submitted to the Bombay Stock Exchange (BSE).
Appointment Details
M/s. Shah Sanghvi & Associates, based in Ahmedabad, was selected to conduct internal audits for FY27. The firm holds Registration Number 140107W and operates as a multidisciplinary practice specializing in auditing, compliance, and transaction tax advisory services.
| Particulars | Details |
|---|---|
| Appointed Firm | M/s. Shah Sanghvi & Associates |
| Role | Internal Auditor |
| Tenure | Financial Year 2026-27 |
| Registration No. | 140107W |
| Appointment Date | August 5, 2026 |
The firm’s expertise covers mergers and acquisitions support, domestic and international taxation, transfer pricing, valuation, and corporate law advisory under IFRS and Ind AS standards. The terms and conditions of the appointment were decided by the Board during the meeting.
Regulatory Compliance
The Board meeting commenced at 4:00 PM and concluded at 4:15 PM on August 5, 2026. The primary agenda item was the approval of the internal auditor, alongside any other business placed before the Board with the Chairman’s permission. This disclosure replaces the earlier intimation filed on July 31, 2026, under Regulation 29, which had scheduled the meeting for this purpose.
No relationships between directors and the appointed auditor were disclosed, as indicated in the regulatory annexure. The appointment aligns with standard corporate governance practices aimed at enhancing risk management and ensuring statutory compliance for the fiscal year beginning April 1, 2026.
Historical Stock Returns for Caspian Corporate Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.14% | +4.56% | +4.14% | +0.03% | -51.01% | -51.01% |
How might the appointment of Shah Sanghvi & Associates influence Caspian Corporate Services' approach to risk management and internal controls for FY27?
What specific audit findings or compliance improvements are investors likely to see in the upcoming annual report under this new auditor?
Does this appointment signal any broader strategic shifts in Caspian Corporate Services' governance structure or regulatory compliance priorities?
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