Whalesbook
Telge Projects Ltd has confirmed the reappointment of Mr. Vinayak Sahebrao Mane as its Internal Auditor for the financial year 2026-27. The company's Board of Directors approved the decision, which aligns with SEBI Listing Regulations and Section 138 of the Companies Act, 2013. Mr. Mane also holds the position of Chief Financial Officer (CFO) within the company.
This reappointment ensures continuity in the internal audit function for the upcoming fiscal year, highlighting Telge Projects' commitment to regulatory adherence. While legally permitted, the dual role of CFO as Internal Auditor requires strong oversight from the audit committee for independence.
Telge Projects Ltd is primarily engaged in civil engineering, infrastructure development, and construction projects. The company operates within India's growing infrastructure sector.
Shareholders can expect Mr. Mane to continue overseeing the internal audit function for FY2026-27, as the company reaffirms its compliance framework. There are no immediate changes expected in the external auditor or audit firm structure.
The company operates in the infrastructure sector alongside peers such as KNR Constructions Ltd, Dilip Buildcon Ltd, and PNC Infratech Ltd, all involved in similar large-scale civil engineering and construction projects across India. Information on internal auditor appointments for these peers is not readily available for direct comparison.
Moving forward, investors will likely monitor future quarterly and annual financial disclosures from Telge Projects Ltd, along with any updates from the company's Audit Committee regarding internal audit oversight. The company's performance in its ongoing and future infrastructure projects, and any changes in the statutory auditor's appointment, will also be key indicators.