SCI Appoints Mukund M Chitale & Co and S G C O & Co LLP as Joint Statutory Auditors for FY27
Shipping Corporation of India Limited has appointed MUKUND M CHITALE & CO and S G C O & CO LLP as Joint Statutory Auditors for FY 2026-27. The appointment was made by the Comptroller and Auditor General of India. This announcement was made on September 8, 2026.
The change in auditors is a standard regulatory procedure and is not expected to have a significant immediate impact on the company's operations or financial standing.
The appointment of auditors is a routine corporate governance requirement and does not inherently present a positive or negative development for the company's financial performance or strategic direction.
Shipping Corporation of India Limited (SCI) has announced the appointment of two Joint Statutory Auditors for the Financial Year 2026-27. This appointment has been made by the office of the Comptroller and Auditor General of India (C&AG) under Section 139 of the Companies Act, 2013.
The appointed firms are MUKUND M CHITALE & CO, MUMBAI, and S G C O & CO LLP, MUMBAI. These firms will serve as Joint Statutory Auditors for the company. The announcement was made on September 8, 2026, at 16:55 hrs (IST).
The C&AG has also specified that the Statutory/Joint Statutory Auditor(s) of the holding company will also be the auditors of the Consolidated Financial Statements. Further details regarding remuneration and other allowances payable to the auditors will be regulated as per the provisions of Section 142 of the Companies Act, 2013, and relevant guidelines. The company has been requested to provide revisions in audit fees and details of remuneration for other services for the year 2025-26 once the accounts are finalized.
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Shipping Corporation Of India 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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See the model portfoliosA plain-language summary of a public exchange filing by Shipping Corporation Of India Limited. Read the original for the full detail.