GIPCLNSEGujarat Industries Power Company Limited· PowerMediumNeutral
Announced Fri, 29 May · 18:01 IST

Gujarat Industries Power Company Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

GIPCL · price

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Price reaction · full curve 14 horizons · vs prior close
+5.1%1-day move
₹165.61
prior close
₹169.99
base price
After-mkt
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AI summary

Gujarat Industries Power Company Limited's Board of Directors has approved the appointment of M/s. Dalwadi & Associates, Cost Accountants, Ahmedabad (Firm Registration No. 000338) as Cost Auditors for FY 2026-27. The appointment was recommended by the Audit Committee and approved at the Board Meeting held on 29th May 2026, which lasted from 2:30 PM to 4:30 PM. The firm was established in 2012 and is promoted by CMA Ashwin G. Dalwadi, offering services including Cost Audit, Management Consultancy, Audit & Assurance, and Indirect Taxation. The term of appointment is for 1 year from 01/04/2026 to 31/03/2027. This is a routine appointment replacing the outgoing cost auditor.

Likely market impact

This is a standard annual appointment of cost auditors and does not indicate any financial or operational concerns. The change has no material impact on the company's governance or stock outlook.