INDOTECHBSEIndo Tech Transformers LtdMediumNeutral
Announced Wed, 20 May · 19:22 IST

Intimation of appointment of M/s. K. Suryanarayanan as Cost Auditor of the company for the financial year 2026-27

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Price reaction · full curve 14 horizons · vs prior close
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AI summary

Indo Tech Transformers Ltd has appointed M/s. K. Suryanarayanan, Cost Accountants, as the Cost Auditors for FY 2026-27. The appointment was made by the Board of Directors based on the recommendation of the Audit Committee. The Cost 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. The appointment complies with Sections 141 and 148 of the Companies Act, 2013 and Companies (Cost Records and Audit) Rules, 2014. The remuneration payable to the Cost Auditor will be placed before shareholders for ratification at the upcoming Annual General Meeting.

Likely market impact

This is a routine appointment of a cost auditor as required under the Companies Act, 2013 and has no immediate impact on shareholding or stock performance. It ensures ongoing regulatory compliance for cost audit requirements.