Rite Zone Chemcon Approves Rs 5 Crore Credit Facility and Internal Auditor Appointment
Rite Zone Chemcon India Limited’s Board of Directors took several key decisions during a meeting held on June 24, 2026. The Board approved the availing of credit facilities from HDFC Bank Limited and formally appointed an internal auditor for the financial year 2026-27.The company approved securing aggregate credit facilities up to Rs 5 Crores from HDFC Bank Limited. Associated with this approval is the authorization to execute all necessary documents related to the facility.
In a governance decision, the Board also approved the appointment of M/s. Mohan Tandon & Company as the Internal Auditor for Rite Zone Chemcon India Limited for the financial year 2026-27.
Details of Internal Audit Appointment
The appointed firm, M/s. Mohan Tandon & Company, is a Chartered Accountancy firm led by Proprietor Mr. Mohan Tandon. The firm possesses over 28 years of specialized experience in audit and tax planning services.Key details regarding the appointment are summarized below:
| Attribute | Detail |
|---|---|
| Auditor Name | M/s. Mohan Tandon & Company |
| Date of Appointment | June 24, 2026 |
| Term of Appointment | 1 Year |
| Profile Summary | The firm offers services including Statutory Audit, Internal Audit, GST Audit, Tax Audit, and Financial Due Diligence. It is managed by Mr. Mohan Tandon, a Chartered Accountant with extensive experience in audit and taxation. |
RITEZONE Stock Price Movement
Rite Zone Chemcon India Limited shares today slipped by 4.75% to close at ₹18.05, reflecting a decline of ₹0.90 from the previous closing price. The stock traded a volume of 3,200 shares during the day.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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