
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.
Price Impact
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