NITCONSENitco Limited· Ceramics And SanitarywareLowNeutral
Announced Thu, 3 Jul · 20:34 IST

Nitco Limited has informed the Exchange about additional details required for Corporate Announcement filed under Regulation 30 of SEBI (LODR) Regulations, 2015 - Disclosure of appointment of Cost Auditor

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Nitco Limited has informed the stock exchanges about the appointment of Mr. R. K. Bhandari, proprietor of M/s. R. K. Bhandari and Co. (FRN: 101435), a Jaipur-based cost accounting firm established in 2012, as the Cost Auditor for the financial year 2025-26. The appointment was approved by the Board on June 30, 2025, on the recommendation of the Audit Committee, but was disclosed to the exchanges with a slight delay. The company clarified that it initially believed the disclosure requirement under SEBI's LODR regulations applied only to Statutory Auditors, but later decided to extend the disclosure to Cost Auditors as well in the interest of good governance.

Likely market impact

This is a routine regulatory compliance filing regarding a cost auditor appointment and does not materially affect shareholders or the stock price. The slight delay in disclosure is minor and the company has voluntarily provided additional details, reflecting a focus on transparency.