IFB Industries Limited has informed the Exchange regarding Change in Auditors of the company.
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IFB Industries Limited's Board of Directors meeting on 25th May, 2026 approved the appointment of M/s. Mani & Co., Cost Accountants as the Cost Auditor for FY 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 chairmen and members. Note: This filing pertains to a Cost Auditor appointment, not a statutory auditor change despite the headline mentioning 'Change in Auditors'.
This is a routine governance matter. The Cost Auditor appointment is a standard annual requirement and does not signal any financial distress or disagreement. The committee reconstitution appears to be regular board housekeeping with no material impact on shareholders.