Statutory auditor appointed for FY 2026-27: SDR & Associates, per CAG communication
The company has informed the exchanges that, as per a communication received from the Office of the Comptroller and Auditor General of India (CAG), M/s. SDR & Associates, Chartered Accountants, Bhubaneswar, Odisha.
By ScoutQuest · · 2 min read
- Statutory Auditor Appointed
- M/s. SDR & Associates, Chartered Accountants, Bhubaneswar, Odisha
- Audited Financial Year
- Financial Year 2026-2027
- CAG Letter Date
- 09/09/2026
The company has intimated the stock exchanges about the appointment of its statutory auditor for the coming financial year.
What was announced
- M/s. SDR & Associates, Chartered Accountants, Bhubaneswar, Odisha, has been appointed as the Statutory Auditor of the company for the Financial Year 2026-2027.
- The appointment is as per a communication received from the Office of the Comptroller and Auditor General of India (CAG).
- The company's intimation to the exchanges is dated 14.10.2026; the CAG communication enclosed with it is dated 09/09/2026.
Who the auditor is
- The firm is listed in the CAG's Annexure-II for the year 2026-2027 against unit code ORMDCL, with Bhubaneswar as the station and the audit detail shown as ST AR (3).
- Its address as printed is Plot No 65, Sahid Nagar, Near Bishnu Mandir, Bhubaneswar - 751007, Odisha.
What else the CAG letter covers
- The appointment is made under section 139 of the Companies Act, 2013. The statutory auditor of the holding company also audits the Consolidated Financial Statements under section 139 read with section 129(4) of the Companies Act, 2013.
- The supplementary/test audit under sections 143(6) and 143(7) of the Companies Act, 2013 is entrusted to the Director General of Audit (Steel), Mecon Building, P.O. Doranda, Ranchi-834002.
- Remuneration and other allowances payable to the auditors are to be regulated as per section 142 of the Companies Act, 2013 read with guidelines issued by the Department of Company Affairs.
- Any revision in audit fees payable, including fees for consolidation, for 2026-2027, and item-wise details of all remuneration paid for other services along with TA/DA paid for 2025-2026, are to be intimated once the accounts for 2025-2026 are finalised, to enable the CAG's office to review the appointment or re-appointment of the appointed auditors.
- The appointment is subject to the other conditions stipulated in Annexure-I referred to in the letter.
What this means for a retail investor
- This is a routine corporate update about who will audit the company's accounts for the next financial year.
- The auditor for this appointment has been named by the CAG, which is the appointing authority for this company's statutory auditor.
- The intimation states the firm, the financial year covered and the other conditions of the appointment; it does not carry any financial figures of the company.
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