Cost Auditor Appointed for FY 2026-2027
The Board has approved the appointment of M/s K K Sinha & Associates, Practicing Cost Accountants, as Cost Auditor for FY 2026-2027.
By ScoutQuest · · 1 min read
- Cost Auditor Appointed
- M/s K K Sinha & Associates, Practicing Cost Accountants
- Financial Year
- FY 2026-2027
- Statutory Basis
- Section 148 of the Companies Act, 2013
- Board Meeting Date
- 27th September, 2026
- NCLT Reference
- NCLT, Chandigarh order dated 12.10.2023
What was announced
The Board of Directors of the Company, at its meeting held on 27th September 2026, approved the appointment of M/s K K Sinha & Associates, Practicing Cost Accountants, as Cost Auditor to conduct the cost audit of the Company's cost records for the financial year 2026-2027.
The named professional is Mr. Krishna Kali Sinha, proprietor of the firm, described as a Cost Accountant with expertise in cost accounting and auditing of cost records. The date of appointment is stated as September 27, 2026.
Why this happens
Certain companies are required under Section 148 of the Companies Act, 2013 and the rules made under it to maintain cost records and have them audited by a cost accountant. The reason for the appointment is stated as compliance with these provisions. The disclosure to the exchange is made under Regulation 30 of the SEBI Listing Regulations.
Context of the Board meeting
The update notes that the Board met in terms of an order of the National Company Law Tribunal, Chandigarh dated 12.10.2023, which allows the Board of Directors to hold the requisite meetings so that effective decisions can be taken on behalf of the Corporate Debtor, that is, the Company. This indicates the Company is in a situation before the NCLT, and investors following this stock may wish to track related developments separately.
What it means for investors
The appointment of a cost auditor is an administrative and statutory step. It does not by itself change the Company's operations, revenue, assets or capital structure. No amounts of remuneration or other financial figures are stated in this intimation, and the term of appointment is shown as Nil.
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