Chennai Petroleum Corporation Limited (CPCL) has announced the appointment of a new Cost Auditor following approval from its Board of Directors, meeting on March 26, 2026. The Board accepted the recommendation of the Audit Committee to appoint M/s. Vivekanandan Unni & Associates, Cost Accountants, Chennai. This firm will conduct the statutory Cost Audit for the financial year 2026-27.
Board Approval for Cost Auditor Appointment
In compliance with relevant corporate governance guidelines, the Board of Directors of Chennai Petroleum Corporation Limited (CPCL) convened on March 26, 2026. The meeting, which commenced at 03:00 PM and concluded at 04:15 PM, resulted in the formal approval of a new Cost Auditor for the upcoming fiscal period.
Details of the Appointed Auditor
The Board, acting on the recommendation of the Audit Committee, approved the appointment of M/s. Vivekanandan Unni & Associates, located in Chennai, as the Cost Auditors for the Company for the financial year 2026-27.
Auditor Profile Highlights
- Firm Name: M/s. Vivekanandan Unni & Associates (Firm Registration No:000085).
- Experience: The firm possesses 25 years of experience in Cost Audit.
- Industry Expertise: They hold extensive experience across diverse sectors, including Petroleum, Chemicals, and Steel.
The disclosure confirms that there are no applicable relationships between the appointed Cost Auditor and the Directors of CPCL. The appointment is effective immediately from March 26, 2026.
Source: BSE
