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KBC Global Ltd. Appoints Secretarial, Internal, and Cost Auditors for FY 2024-25

KBC Global Ltd. (KBCGLOBAL), a listed company, informed the stock exchanges on July 16th, 2024, about the appointment of auditors for the fiscal year 2024-25. The appointments were made during the Board of Directors meeting held the same day.

Key Appointments:

• Secretarial Auditor: Ms. Bhavika Ghuntla, Proprietor of M/s BYG & Associates, Practicing Company Secretaries.
• Internal Auditor: M/s MGDS & Co., Chartered Accountants.
• Cost Auditor: M/s PRO & Associates, Cost Accountant Firm.

Background:

These appointments are in accordance with the regulatory requirements set out by the Securities and Exchange Board of India (SEBI) under the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The auditors are responsible for ensuring compliance with various financial and legal regulations, as well as internal control systems within the company.

About the Auditors:

• BYG & Associates: A practicing company secretary firm with expertise in corporate compliance, secretarial audit, and legal advisory services.
• MGDS & Co.: A chartered accountant firm specializing in audit, tax, and financial advisory services. They have experience working with companies across various industries.
• PRO & Associates: A cost accountant firm providing a range of services, including cost audits, accounting, MIS reporting, and financial management.

Conclusion:

The appointment of auditors is a significant step for KBC Global Ltd., demonstrating its commitment to transparency and adherence to regulatory guidelines. These appointments will help ensure that the company's financial reporting and internal controls remain robust and compliant.