Auditor27 May 2026, 06:21 pm
Universal Autofoundry Reappoints Goverdhan Agarwal as Statutory Auditor
AI Summary
Universal Autofoundry Ltd has re-appointed M/s Goverdhan Agarwal & Co. as Statutory Auditors for a second term of five consecutive years, from FY 2026-27 to 2030-31. This decision was made during a board meeting held on May 27, 2026, and is subject to shareholder approval at the upcoming Annual General Meeting. The board also approved the re-appointment of internal and cost auditors, and an increase in borrowing limits, subject to shareholder approval.
Key Highlights
- Goverdhan Agarwal & Co. re-appointed as Statutory Auditors for 5 years (FY27-FY31).
- Re-appointment subject to shareholder approval at the next AGM.
- Shah Patni & Co. re-appointed as Internal Auditors for FY 2026-27.
- Girdhar Chaudhary & Co. re-appointed as Cost Auditors for FY 2026-27.
- Borrowing limit increased from ₹100 Cr to ₹150 Cr, subject to shareholder approval.
Price Impact
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