ONGC Appoints Four New Statutory Auditors for FY 2026-27
ONGC has appointed four new Statutory/Joint Statutory Auditors for FY 2026-27: T R Chadha & Co LLP, P K F Sridhar & Santhanam LLP, Suri & Co, and A R & Co. The appointments were confirmed via a letter from the C&AG on September 7, 2026.
The appointment of statutory auditors is a standard annual process and typically has a low direct impact on the company's operations or stock price.
The appointment of statutory auditors is a routine regulatory requirement and does not inherently indicate a positive or negative change in the company's performance or outlook.
Oil and Natural Gas Corporation Limited (ONGC) has announced the appointment of four Chartered Accountant firms as its Statutory/Joint Statutory Auditors for the Financial Year 2026-27. This decision was conveyed through a letter received from the office of the Comptroller & Auditor General of India (C&AG) on September 7, 2026.
The appointed firms are M/s T R Chadha & Co LLP, M/s P K F Sridhar & Santhanam LLP, M/s Suri & Co, and M/s A R & Co. The announcement, dated September 8, 2026, was made by ONGC's Company Secretary & Compliance Officer, Shashi Bhushan Singh, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Brief profiles of the appointed auditors have been enclosed as Annexure-A. These firms bring extensive experience in auditing public sector undertakings, banks, and various other sectors, including significant experience in the oil and gas industry. M/s T R Chadha & Co LLP, established in 1946, has over 80 years of experience. Suri & Co, founded in 1939, boasts over 85 years of experience. M/s A.R. & Co., established in 1981, has over 44 years of experience and specializes in large government audits, particularly for Maharatnas and Navratnas in the power and oil & gas sectors. P K F Sridhar & Santhanam LLP's profile is also included.
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