Cost Auditor's demise: company to fill casual vacancy within statutory timelines
Dhampur Bio Organics has informed the exchanges about the demise of its Cost Auditor, Mr. Surendra Rai Kapur, on October 19, 2026.
By ScoutQuest · · 2 min read
- Date of demise of Cost Auditor
- October 19, 2026
- Date company was apprised
- October 22, 2026
- Reason for change recorded
- Death
What the company told the exchanges
The update intimated the stock exchanges about the sad demise of Mr. Surendra Rai Kapur, the Cost Auditor of the company, on October 19, 2026. The company states it was apprised of this on October 22, 2026, and that it received information about the demise on the evening of October 22, 2026.
In the annexure to the letter, the reason for the change is recorded as Death, and the applicable date shown against the change is October 19, 2026. The company has placed on record its appreciation for the services rendered by Mr. Kapur during his tenure and conveyed condolences to his family.
What happens next
- The company has said it shall initiate the necessary steps to fill the casual vacancy caused by the demise, in terms of the relevant provisions of the Companies Act, 2013 read with the rules framed thereunder, within the prescribed statutory timelines.
- The intimation has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the disclosure format prescribed in the annexure.
- No successor has been named in this intimation; the company has only committed to the process of filling the vacancy within the timelines set by law.
What a Cost Auditor does
A cost auditor is a statutory appointee who examines a company's cost accounting records and cost statements for the period covered by the audit, and reports on them. For a manufacturing business such as a sugar and bio-organics company, cost records typically relate to how costs are compiled across products and processes. The role is a compliance and assurance role; it is separate from the statutory financial auditor and from the internal auditor.
How to read this update
- This is an administrative and compliance development concerning a statutory auditor position, not a change in the company's business, plants, products or finances.
- The company has stated a clear next step: filling the casual vacancy within statutory timelines.
- For a reader tracking governance, the item to watch is the eventual appointment of a new cost auditor, which would come through a separate disclosure.
What to keep in mind
Statutory audit and cost audit positions are part of the periodic compliance calendar of a listed company. A vacancy arising from a demise is filled in accordance with the Companies Act, 2013 and the rules thereunder, and the company has said it will follow that route. The update itself contains no financial or operational information about the business.
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Dhampur Bio Organics Ltd promoter buys 0.062% stake
30 Sep 2026
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