64 SECTION 04 : CORPORATE GOVERNANCE Audit, Risk Management and Sustainability Committee Report (Cont’d) GROUP INTERNAL AUDIT FUNCTION (CONT'D) The GIA team which is headed by Mr. Melvinder Singh Harminder Singh, Group Head of Compliance & Governance, who is a Chartered Member of the Institute of Internal Auditors Malaysia with more than 20 years of experience in internal auditing. Mr. Melvinder Singh and his team independently review the key business processes, and reports to the ARMSC on a quarterly basis. The ARMSC reviews and evaluates the key audit issues raised by the GIA team and ensures that appropriate and prompt remedial action is taken by Management. During the financial year, the GIA team prepared and presented an annual audit review schedule which outlines the key business processes of the MRO, property development and energy logistics divisions and the Group’s governance process, ESG efforts and policy. The ARMSC had reviewed and approved the schedule with the mandate in assessing the adequacy and effectiveness of the Group’s internal control system. The GIA team completed a holistic Corporate Governance Review of ENRA with reference to the MCCG 2021, ESG updates and reporting in line with the MMLR as a guideline. In addition, one routine audit was conducted, covering the property development division, together with three follow-up reviews on the MRO division, ITGC, and Hexagon Alpha. The GIA team also carried out ESG data monitoring and assessments of compliance with the Code of Business Conduct, in accordance with the ARMSC’s approved Annual Audit Plan. The scope of coverage was aligned with the Group’s Risk Management assessment and included the areas of Finance, Human Resources, Operations, Procurement, Inventory Management, General IT Controls, Sales and Marketing, Fraud Risk Assessment, Project Management, and ESG. The costs incurred for the IA function in respect of the FYE 2026 amounted to RM364,926.20. (2025: RM359,115.26) This ARMSC report is made in accordance with the resolution of the Board duly passed on 23 June 2026.
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