Hi-Green Carbon Limited has appointed M/s. JPMK & Associates and M/s. P.N. Rangani & Associates as secretarial and internal auditors for the fiscal years 2025-26 and 2026-27. The board approved these appointments during a meeting on May 8, 2026. These moves aim to strengthen the company's internal audit framework and ensure regulatory compliance as it operates within the carbon credit market. The appointments are effective immediately.
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Standard corporate housekeeping. The real question is whether they are updating their internal controls to match new carbon accounting standards or just ticking a regulatory box.
Probably just the latter. It is a short announcement with no detail on why they changed auditors now.
Auditor swaps can sometimes signal a cleanup before a big capital raise. I wonder if they have any actual project pipeline growth to justify the new oversight.
