Auditor6 Aug 2026, 07:10 pm
KFIL Auditor Change: P G Bhagwat LLP Appointed, Kirtane & Pandit LLP Ceases
AI Summary
Kirloskar Industries Ltd has informed about an update from its subsidiary, Kirloskar Ferrous Industries Limited (KFIL). KFIL's statutory auditor, M/s. Kirtane & Pandit LLP, will cease to hold office on August 5, 2026, upon completion of two terms of five consecutive years each, as per the Companies Act, 2013. The Board of Directors expressed appreciation for their services. M/s. P G BHAGWAT LLP, Chartered Accountants, will continue as the statutory auditor until the conclusion of the 38th annual general meeting, following a resolution passed on September 24, 2024.
Key Highlights
- Kirtane & Pandit LLP ceases as statutory auditor on August 5, 2026.
- Cessation due to completion of two five-year terms as per Companies Act.
- P G Bhagwat LLP will continue as statutory auditor.
- Board appreciated services of outgoing auditors.
Price Impact
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