Mangalore Refinery and Petrochemicals Limited has informed the Exchange regarding Appointment of YCRJ & Associates, Chartered Accountants, Mangalore and BSJ & Associates, Chartered Accountants, Kannur as Statutory Auditors of the Company for the Financial Year 2025-26 under Section 139 of the Companies Act, 2013.
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MRPL has informed the stock exchange about appointing YCRJ & Associates (Chartered Accountants, Mangalore) and BSJ & Associates (Chartered Accountants, Kannur) as the company's Statutory Auditors for the financial year 2025-26. The appointment has been made under Section 139 of the Companies Act, 2013. This appears to be a joint audit arrangement with two audit firms sharing the statutory audit responsibility. The appointment follows the standard regulatory requirement for companies to have statutory auditors in place before the start of a financial year.
This is a routine, regulatory compliance announcement and is not expected to have any material impact on the stock price or shareholder value. Shareholders can view this as standard corporate governance practice being followed by MRPL.