Shanthala FMCG Products Limited Reappoints Internal Auditor and Appoints Forensic Investigator
Shanthala FMCG Products Limited, at a meeting of its Board of Directors held on June 07, 2026, approved key appointments related to the auditing of the company’s financial affairs. The Board formally reappointed M/s Kalpesh Khatri & Associates as the Internal Auditor and appointed Chaudhary Chaudhary & Co as a Forensic Auditor for the books of accounts.The approval of the Internal Auditor included granting M/s Kalpesh Khatri & Associates, Chartered Accountants (Firm Regn No: 0139570W), a tenure of two consecutive financial years. The appointment commenced from April 1, 2026, and is set to conclude on March 31, 2028.
In addition to the internal audit approval, the Board appointed Chaudhary Chaudhary & Co, Chartered Accountants (Firm Regn No: 002910C), as the Forensic Auditor. This appointment follows observations made by the Statutory Auditors during their review process before the finalization of financial statements for the financial year ended March 31, 2026.
The Board determined that the forensic audit was necessary due to gaps, inconsistencies, and issues identified in the books of account, supporting records, internal documentation, and financial reporting processes, particularly those occurring subsequent to the unaudited financial results for the half year ending September 30, 2025. The directors concluded that the appointment aimed at ensuring transparency, good governance, and the protection of stakeholder interests.
Key details regarding the appointments are provided below:
| Appointment | Entity | Tenure/Scope |
|---|---|---|
| Internal Auditor | M/s Kalpesh Khatri & Associates (0139570W) | Two consecutive financial years, commencing April 1, 2026, and concluding March 31, 2028. |
| Forensic Auditor | Chaudhary Chaudhary & Co (002910C) | To conduct a forensic audit/review of the books of account and related matters for the relevant period due to identified gaps and inconsistencies in financial reporting processes. |
SHANTHALA Stock Price Movement
Shares of Shanthala FMCG Products Limited closed today, settling flat after trading at ₹22. The equity saw no change from its previous close.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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