Appointment of Shekar Joshi & Co. Cost Accountant
GALAPREC · price
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Gala Precision Engineering Ltd's Board of Directors, at its meeting held on May 14, 2026, approved the appointment of M/s. Shekhar Joshi & Co., a Mumbai-based Cost Accounting firm led by proprietor Mr. Shekhar Joshi, as the Cost Auditor of the Company. The appointment was made on the recommendation of the Audit Committee and will cover the audit of cost records for Financial Year 2026-27. This is a routine regulatory appointment as per SEBI Listing Regulations, requiring disclosure under Regulation 30. The Board meeting lasted from 3:30 PM to 5:40 PM IST.
This is a standard compliance appointment with no direct impact on share price or shareholder interests. Cost auditor appointments are mandatory annual requirements for certain companies and do not signal any governance concerns.