C&AG appoints M/s Rama K Gupta & Co. as Joint Statutory Auditor for ONGC for FY 2025-26
C&AG appointed M/s Rama K Gupta & Co. as Joint Statutory Auditor for ONGC for FY 2025-26, replacing M/s MSKA & Associates who declined the earlier appointment.
The change in auditor is a compliance requirement and a routine administrative update. It is unlikely to have a direct or significant impact on the company's stock price or business operations.
The appointment of a new statutory auditor is a standard corporate governance procedure and does not inherently indicate a positive or negative financial or operational outlook for the company.
* Oil & Natural Gas Corporation Limited (ONGC) received a letter dated 06.11.2025 from the Comptroller & Auditor General of India (C&AG). * This letter is a partial modification of an earlier communication dated 10.09.2025. * The C&AG has appointed M/s Rama K Gupta & Co. as Statutory/Joint Statutory Auditor(s) for the Financial Year 2025-26. * This appointment follows the previous information where one of the five initially appointed firms, M/s MSKA & Associates, had declined to accept the appointment as Joint Statutory Auditor. * A brief profile of M/s Rama K Gupta & Co. is enclosed with the announcement, as per SEBI Master Circular dated 11th November, 2024.
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Oil & Natural Gas Corporation Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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