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, if any, every listed company is required to appoint Cost Accountants in Practice as Cost Auditors of the Company. Based on the recommendation of the Audit Committee, the Board of Directors, at its meeting held on 15th May 2025, has appointed 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 2025-26.
SKFINDIA · price
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SKF India has appointed M/s Joshi Apte & Associates, a peer-reviewed cost accounting firm (Firm Reg. No. 000240), as Cost Auditors of the company for the financial year 2025-26. The appointment was made by the Board of Directors at its meeting held on 15th May 2025, based on the recommendation of the Audit Committee. This is a routine regulatory compliance requirement under Section 148 of the Companies Act, 2013, applicable to all listed companies. The appointed firm has 15 years of experience in cost management accountancy and offers services like cost audit, costing systems, and cost analysis.
This is a standard procedural filing with no material impact on shareholders or stock price. It fulfills a mandatory annual compliance requirement and does not affect the company's financial position or governance.