APPOINTMENT OF COST AUDITOR MR. BABU LAL MAHARWAL AS COST AUDITOR FOR F.Y. 2025-26 OF THE COMPANY
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Continental Petroleums Limited has appointed Mr. Babu Lal Maharwal, proprietor of M/s MAHARWAL & ASSOCIATES (Firm Registration No. 101556), as the Cost Auditor of the Company for the Financial Year 2025-2026. The appointment was approved by the Board of Directors and the Audit Committee at their meeting held on 11th August 2025, after evaluating the firm's capability, industry experience, market reputation, technical expertise, and governance standards. The firm, established in 2012, provides cost audit, cost compliance, taxation, internal audit, and corporate consultancy services. This is a routine statutory appointment required under the Companies Act for cost audit compliance.
This is a standard regulatory compliance disclosure with no material impact on shareholders or stock price. It reflects the company's adherence to statutory cost audit requirements for FY 2025-26.