Gala Precision Engineering Limited has informed the Exchange regarding Change in Auditors of the company.
GALAPREC · price
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Gala Precision Engineering Limited's Board of Directors appointed M/s. Shekhar Joshi & Co., Cost Accountant, as the Cost Auditor to conduct audit of cost records for Financial Year 2026-27. The appointment was made based on recommendations from the Audit Committee at their meeting held on May 14, 2026. M/s. Shekhar Joshi & Co. is a Mumbai-based Cost Accounting firm led by Proprietor Mr. Shekhar Joshi, specializing in Cost and Management Accounting Services. This appears to be a routine annual appointment of cost auditor rather than a replacement of an existing auditor.
This is a standard corporate governance action and has no direct impact on shareholders or stock price. Appointment of cost auditors is a regulatory requirement and does not indicate any financial concerns or governance issues.