Surat Trade re-appoints K S Jagirdar as internal auditor for FY27
Surat Trade and Mercantile Limited has re-appointed M/s K. S. Jagirdar & Co. as its Internal Auditor for FY 2026-27. The Board approved the re-appointment on May 26, 2026, adhering to Section 138 of the Companies Act, 2013. The appointed firm has over three decades of experience in internal audit and taxation.
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Surat Trade and Mercantile Limited has re-appointed M/s K. S. Jagirdar & Co. as its Internal Auditor for the financial year 2026-27. The re-appointment ensures continuity in the company's internal audit oversight for the upcoming fiscal year. The decision was taken during a board meeting held on May 26, 2026, based on the recommendation of the Audit Committee.
The appointment is in accordance with Section 138 of the Companies Act, 2013. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the size and quality of audit services provided by the firm are commensurate with its operational requirements.
M/s K. S. Jagirdar & Co. brings extensive experience to the role, with the firm having more than 30 years of practice as Chartered Accountants. Their expertise covers internal audit, taxation, GST, and corporate finance. The firm was originally appointed by the Board at its meeting held on May 26, 2025.
Details of Appointment
The following table outlines the key details regarding the re-appointment of the internal auditor:
| Sr. No. | Details of events | Appointment of Internal Auditors |
|---|---|---|
| 1 | Reason for change | Re-appointment |
| 2 | Date of appointment & term | The Board at its meeting held on 26th May 2025, on recommendation of Audit Committee approved re-appointment of M/S K.S. Jagirdar & Co. Chartered Accountants, as the Internal Auditors of the Company to carry out the Audit for the Financial Year 2026-27. |
| 3 | Brief Profile | Mr. K S Jagirdar has more than 30 years of experience as a Practicing Chartered Accountant firm with expertise in Internal Audit, taxation, GST and corporate finance. The size, quality of audit services and volume of operations of KSJ is commensurate with the size and audit requirements of the Company. |
| 4 | Disclosure of relationships | Not applicable |
| 5 | Information as per BSE/NSE circular | Not applicable |
Historical Stock Returns for Surat Trade & Mercantile
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.56% | -0.45% | -2.43% | -18.93% | -35.15% | -4.96% |
How will the continuity of the internal auditor impact the company's risk management strategies for FY 2026-27?
What specific areas of internal audit will M/s K. S. Jagirdar & Co. focus on given their expertise in GST and corporate finance?
Could this re-appointment signal potential changes in the company's operational or financial structure in the near future?
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