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The Board of Directors of Nexxus Petro Industries Ltd, at its meeting held on August 30, 2025, approved the appointment of M/s Devang Patel & Associates, Cost Accountant (FRN: 101976), as the Cost Auditor of the company. The appointment is for conducting the Cost Audit for the financial year 2025-26, and is subject to shareholder approval at the upcoming 4th Annual General Meeting. The cost auditor, led by Proprietor Devang Patel, brings experience from working with firms like West Coast Pharmaceuticals and Diwanji & Associates, with prior exposure to major Gujarat-based corporate clients such as GNFC, GSFC, Reliance, and Essar.
This is a routine regulatory compliance appointment and is unlikely to have any material impact on the stock price or shareholder value. It simply ensures the company meets statutory cost audit requirements for FY 2025-26.