BSEFacor Alloys LtdMediumNeutral
Announced Tue, 20 May · 22:03 IST

Appointment of Cost Auditors

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Facor Alloys Limited has informed the stock exchanges that its Board of Directors, at a meeting held on May 20, 2025, approved the appointment of M/s. Uppalapati & Associates LLP as the Cost Auditors of the company for the financial year 2025-26. M/s. Uppalapati & Associates LLP is a reputed firm of Cost Accountants holding firm registration number 100506, with extensive experience in cost accounting, cost audit, statutory compliances, and financial laws. The disclosure was made under Regulation 30 of the SEBI Listing Regulations and signed by Sachin Kumar Gupta, Company Secretary & Compliance Officer.

Likely market impact

This is a routine, mandatory appointment of a cost auditor required for companies under applicable cost audit rules. It carries no material impact on shareholders or the stock price, and reflects standard compliance practice rather than any governance concern.