Appointment of M/s. Mani & Co., Cost Accountants (Firm Registration No. 000004) as the Cost Auditor of the Company for the Financial Year 2026-27 and re-constitution of Committees
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IFB Industries' Board of Directors appointed M/s. Mani & Co., Cost Accountants as the Cost Auditor for Financial Year 2026-27 at a remuneration of ₹9 lakhs, excluding taxes and out-of-pocket expenses, subject to shareholder approval. The firm has over 50 years of experience in cost audit and related areas. Additionally, the Risk Management Committee and Project Review Committee were reconstituted with new chairpersons and members. Mr. Chacko Joseph becomes Chairman of the Risk Management Committee, while Mr. Ashok Bhandari is appointed Chairman of the Project Review Committee.
This is a routine corporate governance update with no immediate impact on shareholders. The cost auditor appointment is a standard annual requirement and does not signal any financial or operational concerns.