Pratham EPC appoints Varsani & Associates as Internal Auditor
Pratham EPC Projects Limited has appointed M/s. Varsani & Associates as its Internal Auditor for FY 2026-27. The Board approved the appointment on May 16, 2026, filling a casual vacancy caused by the previous auditor's demise.
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Pratham EPC Projects Limited has appointed M/s. Varsani & Associates as its Internal Auditor for the financial year 2026-27. The decision was taken by the Board of Directors during its meeting held on May 16, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The appointment follows a casual vacancy arising from the demise of the previous internal auditor. M/s. Varsani & Associates, a firm of Chartered Accountants holding registration number 163680W, was recommended by the company's Audit Committee. The firm has been re-appointed for the financial year 2026-27 after serving for the period from October 2025 to March 2026.
Details of the Appointment
The company disclosed that the new auditor brings experience in internal audit, risk management, financial controls, statutory compliances, and advisory services. There are no disclosed relationships between the auditor and the directors of the company.
| Detail | Information |
|---|---|
| Firm Name | M/s. Varsani & Associates |
| Firm Registration No. | 163680W |
| Date of Appointment | May 16, 2026 |
| Term of Appointment | FY 2026-27 |
| Reason for Change | Casual vacancy due to demise of previous auditor |
The Board meeting concluded at 3:00 PM on the same day. Palak Sharma, Company Secretary & Compliance Officer, signed the disclosure sent to the National Stock Exchange.
Historical Stock Returns for Pratham EPC Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.68% | -3.57% | -4.63% | -13.41% | -21.49% | +13.49% |
How might the transition to M/s. Varsani & Associates impact the continuity and consistency of Pratham EPC Projects' internal audit findings for FY 2026-27 compared to prior periods?
Could the mid-cycle change in internal auditors affect investor confidence or trigger additional scrutiny from SEBI regarding Pratham EPC Projects' governance practices?
What steps is Pratham EPC Projects' Audit Committee likely to take to ensure a seamless knowledge transfer and minimize audit gaps arising from the abrupt change in auditors?
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