Bharat Wire Ropes Limited has informed the Exchange regarding Change in Auditors of the company.
BHARATWIRE · price
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Awaiting price reaction for this filing.
Bharat Wire Ropes Limited has appointed M/s. C N K & Associates LLP, Chartered Accountants, as its new Statutory Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. The company also re-appointed Mr. Mayank Mittal as Joint Managing Director for 5 years effective 16 August 2025, subject to shareholder approval. Mr. Mittal is the son of Managing Director Mr. Murarilal Mittal and is also a Promoter of the company, having served as JMD since November 2016. Additionally, Mr. Venkateswararao Kandikuppa was re-appointed as Whole-Time Director for 5 years effective 1 January 2026. All approvals are subject to confirmation by shareholders at the next general meeting.
This is a routine governance update with no negative signals. The appointment of a large, experienced audit firm (CNK, which audits listed companies and PSUs including a Fortune 500 firm) is neutral to mildly positive for governance. The continuation of promoter-family leadership provides stability, though shareholders should watch that independent oversight remains strong.