Re-appointment of Cost Auditors for FY 2026-27

MODISONLTD · price

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AI summary

The Board of Directors of Modison Ltd approved the re-appointment of M/s. N. Ritesh & Associates, Cost Accountants as the company's Cost Auditors for the financial year ending March 31, 2027. This decision was made at the Board meeting held on May 22, 2026, on the recommendation of the Audit Committee. The firm, established in 2008, has experience conducting cost audits across diverse industries including chemicals, steel, pharmaceuticals, and engineering sectors. This is a routine procedural appointment as per Companies Act requirements for cost audit compliance.

Likely market impact

This is a standard governance filing with no direct impact on shareholders or stock price. The continuation of the same cost auditor indicates satisfactory performance and no concerns flagged by the audit committee.