Samvardhana Motherson International Limited has officially announced the appointment of its Cost Auditor and a team of Internal Auditors for the Financial Year 2026-27. The Board of Directors finalized these appointments during their meeting held on May 20, 2026. These strategic appointments reflect the company’s commitment to maintaining rigorous financial oversight and high standards of corporate governance across its diverse business divisions.
Appointment of Cost Auditor
To ensure precise cost accounting and compliance, the company has appointed M/s. M.R. Vyas and Associates as the Cost Auditor for the 2026-27 financial year. The firm brings extensive experience in cost auditing and certification of cost records, adhering to the established cost records and audit guidelines.
Strategic Internal Audit Partnerships
The company has engaged a consortium of professional firms to oversee internal audits across its various identified business divisions. The internal audit team includes:
- M/s P.R. Mehra & Co.: A century-old multidisciplinary firm with deep experience in public and private sector auditing.
- M/s Protiviti India Member Private Limited: A global consulting firm providing deep expertise in governance, risk, and internal audit solutions.
- M/s Arth & Associates: A firm established in 1978 with strong expertise in auditing large multinational corporations.
- M/s TAMS & CO LLP: A firm specializing in statutory and internal audits, as well as Environmental, Social, and Governance (ESG) implementation and auditing.
Operational Commitment
These appointments were approved by the Board on May 20, 2026, following a board meeting that commenced at 1000 Hours and concluded at 1420 Hours. By selecting a diverse group of highly experienced auditors, the company aims to enhance its operational transparency and maintain a robust internal control framework throughout the 2026-27 fiscal period.
Source: BSE
