SAMBHVNSESambhv Steel Tubes LimitedMediumNeutral
Announced Sat, 30 Aug · 20:37 IST

Sambhv Steel Tubes Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Sambhv Steel Tubes has informed the stock exchanges about two auditor-related decisions taken at its board meeting on August 30, 2025. First, M/s AS Rao & Co., Cost Accountants based in Hyderabad, has been re-appointed as the company's Cost Auditor for the financial year ending March 31, 2026. Second, M/s Agrawal & Agrawal, Company Secretaries from Raipur, has been newly appointed as the Secretarial Auditor for a five-year term covering FY 2025-26 through FY 2029-30, subject to shareholder approval at the upcoming AGM. Both appointments were made on the recommendation of the Audit Committee. The filing clarifies that no statutory auditor change is involved here — only cost and secretarial audit roles.

Likely market impact

This is a routine compliance announcement with no material impact on shareholders. The re-appointment of the existing Cost Auditor and the long-term appointment of a Secretarial Auditor reflect standard governance housekeeping, not any negative event like an auditor resignation or governance concern.