StockWatch
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Abrasives & Bearings
Auditor6 Aug 2026, 09:30 pm

SNL Bearings Ltd: Internal Auditor Demise Noted, New Appointment Pending

AI Summary

SNL Bearings Ltd announced at its Board Meeting on August 6, 2026, the unfortunate demise of its existing Internal Auditor, M/s. Jayesh Bhagchandani & Co. The firm has ceased to act as the Internal Auditor, and the company is in the process of appointing a new auditor to fill the resulting vacancy. The Board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, reporting a profit after tax of ₹346 lakhs. The meeting commenced at 06:05 p.m. and concluded at 7:30 p.m.

Key Highlights

  • Internal Auditor M/s. Jayesh Bhagchandani & Co. has ceased to act due to demise.
  • Company is in process to appoint a new Internal Auditor.
  • Unaudited financial results for Q1 FY27 approved.
  • Profit after tax for Q1 FY27 reported at ₹346 lakhs.