Sreechem Resins Limited has reappointed Bimal Kumar Choraria, Chartered Accountant, as its Internal Auditor to conduct the internal audit for the financial year 2026-2027. The Board of Directors approved the re-appointment during its meeting held on May 29, 2026, which commenced at 4:00 PM and concluded at 4:45 PM. This decision ensures continuity in the company’s internal audit processes for the upcoming fiscal period.

The appointment was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. Vikram Kabra, Whole-time Director of Sreechem Resins Limited, signed the disclosure submitted to the stock exchange.

Appointment Details

The Board confirmed that Mr. Choraria is not related to any other director of the company. His remuneration will be decided by the Board of Directors.

Delay in Disclosure

Sreechem Resins Limited issued an explanation regarding the delay in submitting the intimation to BSE Limited. Under SEBI Listing Regulations, such intimations must be filed within 24 hours of the board meeting. The company stated that the delay was unintentional and resulted from an administrative oversight. Management assured the exchange that there was no intentional default or attempt to withhold material information.

What the Numbers Show

The re-appointment of an existing internal auditor rather than hiring a new firm suggests a preference for continuity and institutional knowledge within Sreechem Resins Limited. By retaining Mr. Choraria, the company avoids the transition costs and learning curve associated with onboarding a new auditor, potentially leading to more efficient audit cycles for FY27.

Sreechem Resins has re-appointed Mr. Navin Kothari, Proprietor of M/s. N K & Associates, as the Company’s Secretarial Auditor for the financial year 2026-2027. The Board of Directors approved the re-appointment during a meeting held on May 29, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company submitted the disclosure to BSE Limited on July 24, 2026, acknowledging a delay beyond the prescribed 24-hour window following the Board meeting. In a separate communication to the exchange, Sreechem Resins attributed the late filing to an administrative oversight, assuring regulators that there was no intentional default or attempt to withhold material information.

Appointment Details

The Board considered and approved the re-appointment of Mr. Navin Kothari, who holds Company Secretary Professional Registration Number 3725. The engagement covers the secretarial audit for FY27, with remuneration to be decided by the Board of Directors. The filing confirms that Mr. Kothari is not related to any other Director of the Company.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023. The Board meeting commenced at 4:00 PM and concluded at 4:45 PM on May 29, 2026. Vikram Kabra, Whole Time Director of Sreechem Resins Limited (DIN: 00746232), signed the communications to the exchange.

What the Numbers Show

The delay in disclosure highlights a procedural gap in the company’s regulatory reporting timeline. While the appointment itself is a standard corporate governance action, the two-month lag between the Board approval (May 29, 2026) and the exchange intimation (July 24, 2026) underscores the need for stricter internal controls over statutory filings. The company’s assurance of non-intentional default aims to mitigate any regulatory scrutiny regarding transparency lapses.