ONGC Limited has announced the appointment of three firms as its Cost Auditors for the Financial Year 2026-27. The approved firms are M/s Chandra Wadhwa & Co., M/s Ramanath Iyer & Co., and M/s R Nanabhoy & Co. Brief profiles of these appointed firms are attached to the disclosure, outlining their expertise and experience in cost audit services.
Cost Auditor Appointments for FY 2026-27
The Board of Directors of Oil and Natural Gas Corporation Limited (ONGC), at its meeting held on September 17, 2026, considered and approved the appointment of external firms to serve as Cost Auditors for the upcoming Financial Year 2026-27. This is a standard corporate governance practice to ensure compliance and financial oversight.
Selected Cost Audit Firms
The following three firms have been appointed as Cost Auditors:
- M/s Chandra Wadhwa & Co.
- M/s Ramanath Iyer & Co.
- M/s R Nanabhoy & Co.
The board meeting commenced at 11:35 hrs and concluded at 13:00 hrs. Detailed profiles of the appointed cost audit firms, as per SEBI Circular guidelines, have been provided as an annexure to this announcement.
Annexures and Profiles
The disclosure includes comprehensive brief profiles for each of the appointed firms:
M/s Chandra Wadhwa & Co.
This Delhi-based firm, established in 2001, comprises 10 competent professionals as partners and 5 qualified assistants. They have extensive experience serving PSUs and private sectors, including past assignments with ONGC for cost audits in FY 2017-18, 2018-19, 2019-20, and 2020-21.
Ramanath Iyer & Co.
Operating since 1978 from New Delhi, Ramanath Iyer & Co. is a leading firm of Cost Accountants. Their team includes five Fellow members of ICMAI and 20 cost executives, offering expertise in Cost Audit, Cost, and Management Accounting across various industries. They hold a peer review certificate valid until March 2025.
R. Nanabhoy & Co.
Established in 1948, R. Nanabhoy & Co. offers a wide spectrum of services in Cost and Management Accounting. The firm comprises five partners, eight key team members with an average experience of 8 years, and seventeen associates. They have received a Peer Review Certificate from the Institute of Cost Accountants of India, valid until June 2030.
Source: BSE
