RAMAPHOBSERama Phosphates LtdMediumNeutral
Announced Mon, 18 May · 17:25 IST

Appointment / Reappointment of Statutory Auditor, Cost Auditor and Internal Auditor of the Company

Management Changes View source PDF

RAMAPHO · price

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▲ 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
-7.5%1-day move
₹131.99
prior close
₹124.51
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.8-2.8-2.8-4.1-7.5-8.3-8.2-8.1-8.1-6.8-7.8-2.3-6.6
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AI summary

Rama Phosphates Ltd has announced a change in its statutory auditors, appointing M/s. Dayal & Lohia, Chartered Accountants for a 5-year term starting from the 41st AGM in August 2026 until the 46th AGM in 2031. The current auditors, M/s. Khandelwal & Mehta LLP, are retiring upon completion of their term and are not resigning mid-term. Additionally, Mr. Arun Agrawal has been reappointed as Cost Auditor for all four manufacturing units (Pune, Indore, Udaipur, and Nimbahera) for FY 2026-27. The four internal auditors for each unit have also been reappointed for the same period. The board meeting was held on May 18, 2026, and all appointments are subject to shareholder approval at the AGM.

Likely market impact

This is a routine auditor rotation with no adverse implications for shareholders. The change follows normal completion of the statutory auditor's term, and the reappointments of cost and internal auditors indicate continued governance oversight across all production units.