Maithan Alloys Re-appoints Auditors for FY27; Board Meeting Concludes
Maithan Alloys Limited re-appointed M/s. Akhileshwar Prasad & Co. as Internal Auditor and M/s. S.K. Sahu & Associates as Cost Auditor for FY2026-2027. The decision was made during a Board Meeting on May 16, 2026. Cost Auditor remuneration is ₹60,000, subject to shareholder approval.
The re-appointment of auditors is a routine administrative function and is not expected to have a significant impact on the company's operations, financial performance, or stock price.
The announcement pertains to the routine re-appointment of auditors, which is a standard corporate procedure and does not inherently indicate a positive or negative change in the company's performance or outlook.
Maithan Alloys Limited announced the outcome of its Board of Directors meeting held on May 16, 2026. The Board approved the re-appointment of M/s. Akhileshwar Prasad & Co. as the Internal Auditor and M/s. S.K. Sahu & Associate as the Cost Auditor for the Financial Year 2026-2027.
M/s. Akhileshwar Prasad & Co., Chartered Accountants, has been appointed as the sole internal auditor for the financial year 2026-2027, consequent upon the sale of all assets of the Byrnihat Unit. This firm has over 30 years of experience in audit and assurance, risk advisory, internal audit, tax consulting, business process re-engineering, and Ind-AS consultancy.
M/s. S.K. Sahu & Associates, Cost Accountants, have been re-appointed as the Cost Auditor for the financial year 2026-2027. Their remuneration will be ₹60,000, subject to shareholder approval at the ensuing Annual General Meeting. This firm has over 17 years of experience in cost audit across various sectors including Steel, Jute, Engineering, Chemical, Road & Infrastructure, and Health Care.
The Board meeting commenced at 12:30 PM and concluded at 6:45 PM on May 16, 2026.
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Maithan Alloys 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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