CMPDI Appoints New Internal Auditors for FY27 with Extension Option
CMPDI appointed M/s JAIN SARAOGI & CO. (Lead), M/s K.L.BANERJEE & CO., and M/s S.K. LULLA & CO. as its internal auditors for FY27. The appointment allows for extensions up to FY29. The Board approved this on May 20, 2026.
The change in internal auditors is a standard operational procedure and is unlikely to have a significant impact on the company's core business operations or financial results.
The appointment of new auditors is a routine corporate action and does not inherently convey positive or negative news for the company's financial performance or outlook.
Central Mine Planning & Design Institute Limited (CMPDI) has appointed M/s JAIN SARAOGI & CO., M/s K.L.BANERJEE & CO., and M/s S.K. LULLA & CO. as its internal auditors for the Financial Year 2026-27. This appointment, recommended by the Audit Committee and approved by the Board of Directors in their meeting held on May 20, 2026, includes a provision for extension for two consecutive one-year terms, covering Financial Year 2027-28 and Financial Year 2028-29.
M/s JAIN SARAOGI & CO. has been designated as the Lead Internal Auditor. The previous internal auditors, M/s B V RAO & CO., M/s SRB & ASSOCIATES, and M/s B.RATTAN & ASSOCIATES, completed their tenure on March 31, 2026.
All three newly appointed firms possess extensive experience in statutory and internal audits of various entities, including public sector undertakings, banks, mining companies, and private companies. They are also proficient in working with SAP ERP systems.
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Central Mine Planning & Design Institute 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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