Intimation for appointment of Cost Auditor
Awaiting price reaction for this filing.
GB Global Ltd's Board of Directors met on 29th May 2026 and approved audited financial statements for Q4 and FY ended March 2026. The Board appointed M/s. Pradip Mohanlal Damania as Cost Auditor for FY 2026-27, M/s. [Name undisclosed] as Secretarial Auditor from FY 2025-26 till FY 2029-30, and an Internal Auditor for FY 2026-27. The statutory auditors have issued audit reports with a modified opinion on the financial statements, which is a concern. The meeting lasted from 3:30 PM to 9:30 PM on the same day.
The appointment of the Cost Auditor is routine compliance. However, the modified opinion from statutory auditors on the financial statements signals potential accounting concerns or qualifications that investors should monitor closely.