Pursuant to the provisions of Section 148 of the Companies Act, 2013 read with Companies (Cost Records and Audit) Rules, 2014 and other applicable provisions, and based on the recommendation of the Audit Committee, the Board of Directors, at their meeting held on 12th May 2026, has approved the appointment of M/s Joshi Apte & Associates, Cost Accountants (Firm Reg. No. 000240), a Peer-reviewed firm as Cost Auditors of the Company to conduct audit of the cost accounts for the Financial Year 2026-27.
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SKF India has appointed M/s Joshi Apte & Associates, Cost Accountants (Firm Reg. No. 000240) as Cost Auditors for the Financial Year 2026-27. The appointment was approved by the Board on 12 May 2026 based on the recommendation of the Audit Committee, in compliance with Section 148 of the Companies Act, 2013. The firm is a Peer-reviewed entity with 17 years of experience in cost management accountancy. This is a mandatory regulatory requirement for companies meeting specific criteria under the Companies (Cost Records and Audit) Rules, 2014.
This is a routine compliance matter with no direct impact on shareholders or stock price. It reflects proper adherence to statutory governance requirements.