Valley Magnesite Co. Ltd. Appoints ALPS & CO. as Internal Auditor for FY 2026-27
Valley Magnesite Co. Ltd. has appointed M/s ALPS & CO., Chartered Accountants (FRN: 313132) as Internal Auditor for FY 2026-27 following a board meeting held on April 17, 2026 at their Kolkata registered office. The appointment was made pursuant to SEBI LODR Regulation 30, with official communication sent to BSE Ltd. and Calcutta Stock Exchange using respective scrip codes 539543 and 32042.
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Valley Magnesite Co. Ltd. has announced the appointment of M/s ALPS & CO., Chartered Accountants as Internal Auditor for FY 2026-27 following a board meeting held on April 17, 2026. The decision was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Meeting Details
The board meeting was conducted at the company's registered office located at A-402, Mangalam, 24/26 Hemanta Basu Sarani, Kolkata-700001. The meeting commenced at 11:00 AM and concluded at 11:30 AM on Friday, April 17, 2026.
| Meeting Parameter: | Details |
|---|---|
| Date: | April 17, 2026 |
| Time: | 11:00 AM to 11:30 AM |
| Venue: | Registered Office, Kolkata |
| Purpose: | Appointment of Internal Auditor |
Internal Auditor Appointment Details
The board approved the appointment of M/s ALPS & CO., Chartered Accountants, as the Internal Auditor for the financial year 2026-27. The firm will be responsible for conducting internal audit activities for the company.
| Appointment Details: | Information |
|---|---|
| Firm Name: | M/s ALPS & CO., Chartered Accountants |
| FRN: | 313132 |
| Address: | 310, Todi Chambers, 2, Lal Bazar Street, Kolkata-700001 |
| Appointment Period: | Financial Year 2026-27 |
| Date of Appointment: | April 17, 2026 |
About ALPS & CO.
ALPS & CO. is a partnership firm operating as a peer-reviewed chartered accountancy practice. The firm is managed by CA. Ashok Kumar Khetawat as Partner, along with other partners. The firm's expertise encompasses several key areas including risk-based internal audit, due diligence and overview, and assessment of Internal Finance Control.
Regulatory Communication
Valley Magnesite Co. Ltd. has informed both BSE Ltd. and The Calcutta Stock Exchange Ltd. about this corporate development through official communication. The company communicated with BSE using scrip code 539543 and scrip ID VALLEY, while for Calcutta Stock Exchange, scrip code 32042 was used.
| Exchange Details: | Information |
|---|---|
| BSE Scrip Code: | 539543 |
| BSE Scrip ID: | VALLEY |
| CSE Scrip Code: | 32042 |
| Regulation: | SEBI LODR Regulation 30 |
The company's Managing Director, Arun Kumar Agarwalla (DIN: 00607272), signed the official notification digitally on April 17, 2026, ensuring proper documentation and regulatory compliance for this important corporate appointment.
Historical Stock Returns for Valley Magnesite Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What specific internal control weaknesses or audit findings might have prompted Valley Magnesite to change their internal auditor for FY 2026-27?
How will ALPS & CO.'s risk-based internal audit approach potentially impact Valley Magnesite's operational efficiency and compliance costs?
Could this internal auditor appointment signal Valley Magnesite's preparation for major corporate actions like acquisitions, IPO, or regulatory scrutiny?
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