Sugs Lloyd reappoints Singh Pradeep & Associates as internal auditor for FY27
Sugs Lloyd Limited's Board has reappointed M/s. Singh Pradeep & Associates as its internal auditor for the financial year 2026-27. The appointment, effective July 17, 2026, ensures compliance with Section 138 of the Companies Act, 2013. The firm specializes in statutory audit, internal audit, taxation, and regulatory compliance, with over 21 years of experience in retail and e-commerce.
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Sugs Lloyd Limited has reappointed M/s. Singh Pradeep & Associates as its internal auditor for the financial year 2026-27. The decision, taken by the Board of Directors on July 17, 2026, follows the recommendations of the Audit Committee. This move ensures the company continues to comply with Section 138 of the Companies Act, 2013, and Rule 13 of the Companies (Accounts) Rules, 2014.
The reappointment is part of the company's regulatory obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. Singh Pradeep & Associates, a Chartered Accountants firm with registration number 031528C, was incorporated on April 22, 2021. The firm specializes in statutory audit, internal audit & assurance, direct and indirect taxation, management information systems (MIS), and regulatory compliance.
The firm is led by a Chartered Accountant with over 21 years of experience in the retail and e-commerce sectors. The lead professional has previously worked with reputed organizations such as McDonald India Pvt. Ltd., Sports & Leisure Apparel Ltd. (Lacoste, India), AskmeBazaar, UniverCell – The Mobile Expert, and Spice Hotspot. The firm emphasizes a personalized, client-focused approach to deliver practical solutions aligned with business objectives.
Details of Reappointment
| Particulars | Details |
|---|---|
| Name of Internal Auditor & FRN | M/s. Singh Pradeep & Associates, Chartered Accountants Firm Registration No. - 031528C |
| Reason for Change | Appointment of Internal Auditors to comply with the provisions of the Section 138 of the Companies Act, 2013 read with Rule 13 of the Companies (Accounts) Rules, 2014 for F.Y. 2026-27. |
| Date of Re-appointment | July 17, 2026 |
| Term of Appointment | Reappointment of M/s Singh Pradeep & Associates to conduct Internal Audit of the Company for the Financial Year 2026-27. |
The proprietor of the firm qualified as a Chartered Accountant in 2005 and is a Fellow Chartered Accountant (FCA). Additionally, the proprietor holds M. Com, CS, CMA, and LLB degrees, bringing a multidisciplinary perspective to client advisory. The information regarding the reappointment has been disclosed to BSE Limited and is available on the company's website.
Historical Stock Returns for Sugs Lloyd
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.21% | -12.70% | +1.88% | +53.85% | +5.68% | +5.68% |
How might the auditor's specialized experience in retail and e-commerce influence Sugs Lloyd Limited's operational risk management strategies?
Could this reappointment signal potential strategic shifts or expansions into the retail sector for Sugs Lloyd Limited?
What specific compliance improvements or efficiency gains does the company expect from retaining the same auditor for the upcoming fiscal year?
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