MAITHANALLBSEMaithan Alloys LtdMediumNeutral
Announced Sat, 16 May · 21:22 IST

Re-appointment of Internal Auditor and Cost Auditor

Management Changes View source PDF

MAITHANALL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-3.3%1-day move
₹996.00
prior close
₹974.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.6-0.8-1.7-3.3-3.4-4.2-5.4-5.3+1.9+0.8+15.2+1.5
Up moveDown movePending
AI summary

Maithan Alloys Ltd's Board of Directors re-appointed two auditors at their meeting on 16th May 2026. M/s. Akhileshwar Prasad & Co., Chartered Accountants, was re-appointed as Internal Auditor for FY 2026-27. M/s. S.K. Sahu & Associates, Cost Accountants, was re-appointed as Cost Auditor for FY 2026-27 at a remuneration of Rs 60,000, subject to shareholder approval at the AGM. The document notes that following the sale of all assets of the Byrnihat Unit, Akhileshwar Prasad & Co. now serves as the sole internal auditor of the Company. Both firms have long-standing experience in their respective fields.

Likely market impact

This is a routine governance filing with no material impact on shareholders. The re-appointment of auditors ensures continued compliance with statutory requirements under the Companies Act, 2013.