Maithan Alloys Limited has informed the Exchange regarding Change in Auditors of the company.
MAITHANALL · price
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The Board of Directors of Maithan Alloys Limited met on 16 May 2026 and re-appointed M/s. Akhileshwar Prasad & Co., Chartered Accountants, as the Internal Auditor for FY 2026-27. This follows the sale of all assets of the company's Byrnihat Unit in Meghalaya, leaving Akhileshwar Prasad & Co. as the sole internal auditor going forward. Additionally, M/s. S.K. Sahu & Associates, Cost Accountants, were re-appointed as Cost Auditor for FY 2026-27 at a fee of Rs 60,000, subject to shareholder approval at the AGM. Both appointments took effect from 16 May 2026. Akhileshwar Prasad & Co. has over 30 years of experience, while S.K. Sahu & Associates brings 17 years of sector expertise.
The reappointment of existing auditors reflects routine governance continuity and carries no immediate negative signal for shareholders. The appointment of a single internal auditor post-Byrnihat unit divestment simplifies the audit structure.