Appointment of Cost Auditor and Secretarial Auditor of the Company.
SCANSTL · price
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Scan Steels Ltd's Board of Directors, at its meeting held on August 8, 2025, approved two auditor appointments based on Audit Committee recommendations. First, M/s. Ray Nayak and Associates, Cost Accountants (based in Bhubaneswar), has been appointed as the Cost Auditor for FY 2025-2026. Second, the Board has recommended to shareholders the appointment of M/s. Amarendra Mohapatra & Associates, Practicing Company Secretaries, as the Secretarial Auditor for a five-year term covering FY 2025-2026 through FY 2029-2030. The Secretarial Auditor appointment is subject to shareholder approval at the upcoming 32nd Annual General Meeting. Both firms have provided their consent and confirmed they meet the eligibility requirements under the Companies Act, 2013 and SEBI Listing Regulations. The disclosures were made under Regulation 30 of SEBI LODR.
This is a routine regulatory and compliance disclosure with no material impact on the stock price or shareholders. It reflects standard governance practice of appointing cost and secretarial auditors as required under the Companies Act.