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Awaiting price reaction for this filing.
Titan Biotech's Board of Directors approved the appointment of M/s Sanjay Kumar Garg & Associates, Cost Accountants (Firm Registration Number 100292), as the Cost Auditor of the company for the financial year 2025-2026. The appointment was made on the recommendation of the Audit Committee and is in compliance with Section 148 of the Companies Act, 2013, and the Companies (Cost Records and Audit) Rules, 2014. The lead auditor, Mr. Sanjay Kumar Garg, is a practicing Cost Accountant with over 23 years of experience in costing, taxation, and auditing, and holds several international credentials including FCMA (India), FIPA (Australia), and CMA (USA). The remuneration payable to the auditor will be placed before shareholders for ratification at the upcoming Annual General Meeting.
This is a routine regulatory compliance disclosure and is unlikely to have any material impact on the stock price or shareholders. It reflects the company's adherence to statutory audit requirements rather than any change in financial oversight or governance concerns.