The Board of Directors at its meeting held today i.e. May 29, 2026 based on the recommendation of Audit Committee approved the appointment of: 1. M/s Kelwani & Associates. Cost Accountants ....
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Inducto Steel Ltd's Board of Directors approved the appointment of M/s. Kewlani & Associates as Cost Auditor for FY 2026-27. The firm, based in Ahmedabad, specializes in costing, pricing, and management consultancy with experience in steel and metal industries. Additionally, Mr. Satish Diwate was appointed as Internal Auditor for the same period. Mr. Diwate is a Mumbai University B.A. graduate with over 26 years of experience in accounts, finance, banking, and taxation. Both appointments are effective from April 1, 2026 to March 31, 2027, and were made based on the Audit Committee's recommendation.
The appointment of a specialized cost auditor with steel industry experience and a seasoned internal auditor strengthens the company's financial oversight and compliance framework, which is a positive governance development for shareholders.