Libas Consumer Products Appoints Sabadra & Associates as Internal Auditors for FY27
Libas Consumer Products Limited appointed M/s Sabadra & Associates as Internal Auditors for FY2026-2027. The appointment, effective June 2, 2026, was approved by the Board of Directors based on the Audit Committee's recommendation. The firm is unrelated to the company's directors.
The appointment of an internal auditor is a standard operational and compliance requirement for listed companies and typically has a low direct impact on the company's financial performance or stock price.
The appointment of an internal auditor is a routine corporate governance activity and does not inherently carry a positive or negative financial implication for the company.
Libas Consumer Products Limited announced the appointment of M/s Sabadra & Associates, Chartered Accountants, as the Internal Auditors for the financial year 2026-2027. This decision was made based on the recommendation of the Audit Committee and approved by the Board of Directors during their meeting held on Tuesday, June 2, 2026.
The appointment is effective from June 2, 2026. M/s Sabadra & Associates is a professional firm offering a range of consulting and advisory services, including Risk Advisory, Consulting, Financial Advisory, Tax, Audit & Assurance Services. The firm utilizes a team with domain expertise and a deep understanding of regulatory and accounting compliance.
It has been confirmed that the Internal Auditor is not related to any Directors of the company. The company has complied with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for this disclosure.
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Libas Consumer Products Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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