Board Approves Appointment of M/s Mannidi & Associates as Cost Auditor for 2026-27
Board approved M/s Mannidi & Associates, Cost Accountants (Hyderabad), as Cost Auditor for FY 2026-27 on 04.11.2026, on the Audit Committee's recommendation.
By ScoutQuest · · 1 min read
- Cost Auditor Appointed
- M/s Mannidi & Associates, Cost Accountants (Hyderabad)
- Tenure
- FY 2026-27
- Board Approval Date
- 04.11.2026
What was announced
- The Board of Directors, at its meeting held on 04.11.2026, approved the appointment of M/s Mannidi & Associates, Cost Accountant, as Cost Auditor of the Company for the period 2026-27.
- The appointment was made on the recommendation of the Audit Committee.
- The terms of appointment are those approved by the Board, and the tenure covers the financial year 2026-27.
What a cost auditor does
A cost auditor examines a company's cost records, that is, how the cost of producing goods is built up inside a plant. This is a separate role from the statutory financial auditor, who reviews the financial statements. The cost auditor reports on the cost records maintained by the company.
About the firm
- Mannidi & Associates is a firm of Cost Accountants based in Hyderabad, in practice since July 2020.
- It is led by CMA Nageswara Rao Mannidi, FCMA.
- The firm's stated practice covers cost audit and cost records, along with stock audit, internal audit, GST and tax compliance, and Virtual CFO services.
- Its principal brings more than 28 years of professional experience, beginning in 1998, including two decades in finance roles in the manufacturing industry.
What it means for retail investors
This is a routine board-level appointment of a professional firm for a defined tenure. The disclosure states that the question of relationships between directors does not apply here, since this is an auditor appointment rather than a director appointment. No financial figures, fees or commercial terms relating to the appointment form part of the disclosure.
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More numbers
- Professional experience of the firm's principalmore than 28 years
- Years in finance roles in manufacturing industrytwo decades
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