Sofcom Systems Limited Board Meeting Outcome: Internal Auditors Appointed

Sofcom Systems Limited has officially announced the appointment of M/s Tamakuwala & Co., Chartered Accountants as its internal auditors for a comprehensive five-year engagement. The appointment was approved during a board meeting held on April 06, 2026, following recommendations from the company's Audit Committee, as disclosed in the official board meeting outcome pursuant to Regulation 30 of the SEBI Listing Regulations.

Board Meeting Details and Regulatory Compliance

The board meeting commenced at 13:00 hrs IST and concluded at 13:20 hrs IST on Monday, April 06, 2026. The company has formally communicated this development to BSE Limited, emphasizing compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Parameter:	Details
Meeting Date:	April 06, 2026
Start Time:	13:00 hrs IST
End Time:	13:20 hrs IST
Regulatory Framework:	SEBI Listing Regulations
SEBI Circular Reference:	SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026
Circular Date:	January 30, 2026

Appointment Specifications

The appointment covers an extended period spanning five financial years, from 2025-26 through 2029-30. M/s Tamakuwala & Co., bearing firm registration number 114137W, will conduct internal audit functions for the company throughout this tenure.

Appointment Details:	Specifications
Appointed Firm:	M/s Tamakuwala & Co., Chartered Accountants
Firm Registration:	114137W
Term Duration:	5 Financial Years
Coverage Period:	2025-26 to 2029-30
Appointment Basis:	Audit Committee Recommendation
Authorization:	Managing Director Tanvi Jay Rupawala

Firm Profile and Professional Credentials

M/s Tamakuwala & Co. is an established chartered accounting firm based in Surat, Gujarat, with registration dating back to June 1970 with the Institute of Chartered Accountants of India (ICAI). The firm operates with a pan-India network providing comprehensive professional services including statutory audit, tax audit, GST audit, internal audit, advisory, compliance and representation services.

Firm Credentials:	Details
ICAI Registration:	Since June 1970
Base Location:	Surat, Gujarat
Network Coverage:	Pan-India
Team Composition:	20+ professionals
Service Approach:	Specialized teams for each vertical
Client Segments:	Corporate Houses, Multinationals, SMEs, Startups

The firm positions itself as a comprehensive consulting, audit, outsourcing and company secretary service provider. Their team comprises qualified Chartered Accountants, experienced Inter Chartered Accountants, Company Secretaries, graduates and articled trainees, all trained for specialized assignments based on allocated profiles.

Strategic Significance

This appointment reflects Sofcom Systems Limited's commitment to maintaining robust internal audit frameworks and regulatory compliance standards. The five-year engagement provides continuity and allows for comprehensive audit coverage across multiple financial cycles, ensuring sustained governance and risk management practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+8.87%	+28.13%	+10.55%	-53.03%	-61.54%	+109.54%

Sofcom systems Limited has issued a formal clarification to BSE Limited addressing inquiries about significant movement in its equity share price. The response, dated February 28, 2026, was submitted following BSE's clarification request from the previous day regarding unusual price activity in the company's stock.

Regulatory Compliance Confirmation

The company provided a comprehensive response outlining its adherence to regulatory requirements:

Compliance Area:	Status
SEBI (LODR) Regulations 2015:	Fully compliant
Regulation 30 Disclosures:	Regular submissions maintained
Material Events Reporting:	All events communicated as required
Price Sensitive Information:	Disclosed to exchange appropriately

Managing Director Tanvi Jay Rupawala emphasized that the company has been regularly submitting all required disclosures and material events under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated it has communicated all events and information that have a bearing on operations and performance to the exchange.

Management Position on Price Movement

The company clarified its position regarding the ability to comment on share price fluctuations. Sofcom Systems stated that since its equity shares are freely traded on the stock exchange, the company and its management are not in a position to comment on price movements. This position reflects the standard market practice where companies acknowledge that trading activity drives price movements beyond management control.

Stakeholder Communication

Sofcom Systems provided assurance to its members and shareholders regarding information transparency. The company confirmed that:

All latest updated information about the company is available on the Stock Exchange Portal
Stakeholders have access to immediate information and knowledge through regular disclosures
The company will furnish additional information to the exchange as and when requested

The formal response was digitally signed by Managing Director Tanvi Jay Rupawala on February 28, 2026, demonstrating the company's commitment to transparent communication with regulatory authorities and market participants.