SKFINDIABSESKF India LtdMediumNeutral
Announced Wed, 13 May · 23:51 IST

Appointment of cost auditor, details mentioned in SE Intimation.

Management Changes View source PDF

SKFINDIA · price

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Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹1720.00
prior close
₹1699.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.4-2.0-1.9-0.4-1.7-3.5-4.1-4.1-1.5-2.3-5.9-4.6-8.8
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AI summary

SKF India Ltd has appointed M/s Joshi Apte & Associates as Cost Auditors for FY 2026-27. The appointment was made based on the recommendation of the Audit Committee and approved by the Board on 13th May 2026. The firm (Registration No. 000240) is a peer-reviewed firm with 15 years of experience in cost management accountancy. This appointment fulfills the statutory requirement under Section 148 of the Companies Act, 2013 for listed companies to have cost accounts audited by practicing Cost Accountants. The disclosure follows SEBI LODR Regulation 30 requirements.

Likely market impact

This is a routine annual appointment and does not indicate any governance concerns or financial stress. Shareholders can note the continued compliance with statutory audit requirements. The stock is unlikely to be materially affected by this routine appointment.