INDOTECHNSEIndo Tech Transformers Limited· Electrical EquipmentMediumNeutral
Announced Wed, 20 May · 19:22 IST

Indo Tech Transformers Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

INDOTECH · price

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Price reaction · full curve 14 horizons · vs prior close
-5.2%1-day move
₹2438.00
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₹2499.90
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AI summary

Indo Tech Transformers Limited has appointed M/s. K. Suryanarayanan., Cost Accountants as the Cost Auditors for the financial year 2026-27. The appointment was made based on the recommendation of the Audit Committee and approved by the Board of Directors on May 20, 2026. The appointment complies with Section 141 and Section 148 of the Companies Act, 2013 and the Companies (Cost Records and Audit) Rules, 2014. The appointment will be placed before shareholders for ratification at the ensuing Annual General Meeting. The appointed auditor, Mr K Suryanarayanan, is a Fellow member of the Institute of Cost Accountants of India with over two decades of experience in Finance, Accounts, MIS, Costing, and Taxation.

Likely market impact

This is a routine statutory appointment required under Indian company law for companies meeting certain criteria. The appointment signals compliance with regulatory requirements and has no immediate impact on the company's operations or shareholder value.