Presstonic Engineering Approves Internal Auditor, Issues Notice for Management Re-appointment
Presstonic Engineering Limited announced the key outcomes of its Board of Directors meeting, held on Tuesday, May 26, 2026. The Board considered and approved several significant corporate matters pertaining to the company's governance and structure.The primary business decisions approved by the Board included the appointment of a new Internal Auditor for the financial year 2026-27. Furthermore, the Board issued a notice of Postal Ballot to obtain member consent regarding the re-appointment and remuneration approval for the Managing Director and Joint Managing Director.
Internal Auditor Appointment Details
The Board formally appointed M/s. Paramkusum and Associates, Chartered Accountants, based in Bangalore, as the company's Internal Auditor. This appointment is effective for the Financial Year 2026-27.Details concerning the newly appointed Internal Auditor are as follows:
| Particulars | Details |
|---|---|
| Name | M/s. Paramkusum and Associates, Chartered Accountants |
| Reason for Change | Appointment as Internal Auditor of the Company |
| Date of Appointment / Term | May 26, 2026, for the Financial Year 2026-27 |
| Profile | M/s. Paramkusum and Associates (PANDA) is a Chartered Accountants firm specializing in auditing, taxation, and management consultancy services. With over three decades of experience, their team comprises highly skilled professionals proficient in various areas, including finance, accounting, auditing and banking. |
The Board meeting commenced at 10:30 A.M. and concluded at 11:30 A.M. In addition to these approvals, the directors addressed all other business items circulated according to the company's agenda.
PRESSTONIC Stock Price Movement
As of 12:56 PM, Presstonic Engineering Limited shares are trading flat at ₹34, displaying no percentage movement in the live market. The equity is currently active, with 29,600 shares recorded in the total traded volume.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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