Rathi Graphic reappoints Nitin Brij & Co as internal auditor for FY26 and FY27

What Happened

Rathi Graphic, a publicly listed company, has formally reappointed Nitin Brij & Co as its internal auditor for two consecutive financial years: FY26 (1 April 2025 – 31 March 2026) and FY27 (1 April 2026 – 31 March 2027). The reappointment has been approved by the company's board of directors, following the conclusion of Nitin Brij & Co's tenure covering the preceding financial years.

This renewal was announced through official regulatory channels and reflects the board's continued confidence in the audit firm's performance, methodology and governance oversight. The reappointment decision typically follows an evaluation of the internal auditor's effectiveness, independence, quality of findings, and adherence to professional standards during their previous term.

Why It Matters

Internal audit is a cornerstone of corporate governance and risk management within Indian listed companies. Under the Companies Act, 2013 and the SEBI Listing Regulations, companies are required to maintain an effective internal audit function to provide independent, objective assurance and consulting services. The continuity of internal auditor tenure directly impacts audit quality, institutional knowledge retention, and the robustness of internal controls evaluation.

For Rathi Graphic, the reappointment of the same firm signals operational stability and confidence in the existing internal audit framework. Continuity in internal auditor engagement allows for deeper understanding of business processes, risk landscapes, and control environments specific to the company's operations. This consistency enables more targeted audit procedures and meaningful trend analysis across multiple financial years.

From a professional standards perspective, ICAI's Standards on Internal Audit (SIA) guide internal auditors in planning, executing and reporting audit work. The reappointment decision reflects Rathi Graphic's commitment to maintaining audit quality and meeting regulatory expectations for governance-focused businesses.

Practical Impact

**For Rathi Graphic's Finance and Compliance Teams:** The two-year reappointment provides budget certainty and allows finance teams to plan audit coordination activities without disruption. The internal audit team will continue existing monitoring frameworks, control testing protocols and risk assessment methodologies, reducing onboarding time and ensuring consistent audit coverage across operational and financial domains.

**For Stakeholders and Investors:** Continuous internal audit oversight strengthens the credibility of financial reporting and corporate governance disclosures. Investors and lenders benefit from knowing that independent internal auditors are systematically evaluating the effectiveness of internal controls, compliance management and risk mitigation strategies over an extended period.

**For Audit Committee Responsibilities:** Rathi Graphic's Audit Committee will continue regular meetings with Nitin Brij & Co to review internal audit plans, significant findings, management's remediation actions, and effectiveness of internal controls. The committee's coordination with internal and statutory auditors will remain streamlined given the established working relationship.

**Operational Efficiency:** Multi-year engagement reduces administrative overhead associated with competitive bidding, onboarding and transition processes. The internal audit team can deploy resources toward value-added assurance activities, technology-enabled auditing, and enhanced risk identification rather than foundational orientation.

The reappointment also supports compliance with regulatory expectations under SEBI Listing Regulations and RBI guidelines (where applicable) regarding internal audit independence, reporting lines, and audit committee engagement.

Key Takeaways

• →Rathi Graphic's board has reappointed Nitin Brij & Co as internal auditor for FY26–FY27, reflecting confidence in audit performance and governance framework effectiveness
• →Multi-year internal audit continuity strengthens institutional knowledge, control testing consistency and risk assessment quality across the company's operations
• →The reappointment supports SEBI Listing Regulations compliance requirements for independent internal audit function and Audit Committee oversight
• →Finance teams benefit from budgetary certainty and streamlined audit coordination, enabling focus on operational and control improvement initiatives
• →Continuous internal audit engagement enhances financial reporting credibility and stakeholder confidence in the company's risk management and governance disclosures

Disclaimer: This update is for general information only and does not constitute legal, tax or professional advice. Regulatory positions may change. Please consult APRA & Associates LLP for advice specific to your business. Contact us.