Swaraj Engines Limited Announces Change in Internal Auditor
The Board of Directors of Swaraj Engines Limited has approved changes to the company's internal audit function, effective from the close of business hours on June 30, 2026. The decision was taken following a meeting held by the Board on June 26, 2026, and upon the recommendation of the Audit Committee.The Board approved the cessation of Mr. K. N. Vaidyanathan as the Internal Auditor of Swaraj Engines Limited. This change comes as he concludes his term as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, Holding Company. The Board expressed sincere appreciation and heartfelt gratitude for the valuable contributions made by Mr. K. N. Vaidyanathan during his tenure with the company.
Simultaneously, the Board appointed Mr. Vimal Agarwal as the new Internal Auditor of Swaraj Engines Limited. The appointment is effective from July 1, 2026. Mr. Agarwal holds a Chartered Accountant qualification and an MBA, bringing 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities.
Mr. Agarwal's background includes advanced roles at various organizations. During his time at PepsiCo India, he progressed through multiple leadership positions, managing financial operations, planning and analytics, and supply chain finance while embedding strong internal controls and governance practices. Subsequently, as CFO of Mahindra Lifespaces, he partnered with business leaders to scale sales and increase market capitalization, leading fundraising, digitalization, and private equity joint ventures. Furthermore, in his role over the past two years at Mahindra Holidays & Resorts, he has enabled a comprehensive growth strategy while leveraging expertise in financial planning, investor relations, and performance optimization.
SWARAJENG Stock Price Movement
On Thursday, Swaraj Engines Limited saw its shares edge higher in the market, closing at ₹3954 after a modest gain of 0.26%. The stock traded within tight boundaries throughout the session, reaching a low of ₹3929 and peaking at an intraday high of ₹3970.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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