Synthiko Foils Limited, a listed entity on BSE, has made important governance-related appointments as part of its compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed the stock exchange that its Board of Directors, at a meeting held on September 4, 2025, approved the appointment of new Secretarial Auditors and Internal Auditors for the financial year 2025-26.

Appointment of Secretarial Auditor

The Board has appointed M/s. HSPN & Associates LLP, Practicing Company Secretaries, as the Secretarial Auditor of the company for FY 2025-26. The appointment is effective from September 4, 2025, and the firm will conduct a thorough secretarial audit of the company’s statutory compliance, governance processes, and adherence to corporate laws.

HSPN & Associates LLP is a reputed corporate law services firm with more than 30 years of experience in the domain of corporate laws, secretarial compliance audits, SEBI regulations, FEMA compliances, insider trading regulations, corporate restructuring, mergers and amalgamations, and related legal frameworks. Their extensive expertise ensures that Synthiko Foils’ governance and compliance framework will be rigorously monitored and evaluated in line with statutory norms.

Appointment of Internal Auditor

In addition, the company has appointed M/s. Dhirubhai Shah & Co LLP, Chartered Accountants (FRN: 102511W/W100298), as its Internal Auditor for FY 2025-26. The appointment is effective from September 4, 2025. The firm will oversee the internal audit process of the company, ensuring efficiency, accuracy, and compliance across accounting, financial, and operational systems.

Dhirubhai Shah & Co LLP is a well-established chartered accountancy firm with strong expertise in accounts, finance, statutory audits, internal audits, and consultancy services. The firm’s involvement is expected to further strengthen Synthiko Foils’ financial governance and internal control mechanisms.

Strengthening Corporate Governance

By appointing both Secretarial and Internal Auditors, Synthiko Foils is reinforcing its commitment to transparency, accountability, and governance excellence. Listed companies are required under SEBI regulations to maintain strict compliance standards, and these appointments reflect the company’s proactive approach to meeting and exceeding regulatory expectations.

The Board’s decisions are in alignment with the SEBI circular dated November 11, 2024 (SEBI/HO/CFD/PoD2/CIR/P/0155), which emphasizes enhanced disclosure requirements for listed companies regarding auditor appointments and corporate governance practices.

Impact on Stakeholders

For shareholders, regulators, and market participants, these appointments signal that Synthiko Foils is taking concrete steps to ensure:

• Regulatory compliance with SEBI and other statutory requirements.

• Strong governance oversight through independent professional auditors.

• Robust internal controls and transparency, which help build investor confidence.

The disclosure of these appointments to the stock exchange highlights the company’s focus on open communication and timely dissemination of material updates.

Conclusion

The appointment of HSPN & Associates LLP as Secretarial Auditor and Dhirubhai Shah & Co LLP as Internal Auditor marks a key development in Synthiko Foils’ corporate governance journey. By engaging highly experienced audit firms, the company is demonstrating its commitment to regulatory adherence, transparency, and strengthening internal governance mechanisms.

As regulatory compliance and audit standards become increasingly stringent in India’s corporate landscape, Synthiko Foils’ proactive approach ensures it remains aligned with best practices. For investors and stakeholders, this move provides confidence that the company is taking the right steps to safeguard interests and maintain a strong compliance framework.

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