IFB Industries Limited has officially announced the appointment of M/s. Mani & Co. as the company’s Cost Auditor for the 2026-27 financial year. Additionally, the Board of Directors has successfully re-constituted two of its core operational committees—the Risk Management Committee and the Project Review Committee—to streamline oversight and enhance corporate governance as of May 25, 2026.
Appointment of Cost Auditor
During the meeting held on May 25, 2026, the Board of Directors approved the appointment of M/s. Mani & Co., Cost Accountants, to serve as the Cost Auditor for the financial year 2026-27. The engagement is set at a remuneration of ₹9 lakhs, excluding applicable taxes and out-of-pocket expenses, pending final approval from the shareholders.
M/s. Mani & Co. brings extensive expertise to the role, with over 50 years of experience in the profession, specializing in cost audits, costing system implementation, and special cost studies. The firm is led by a team of 6 partners and supported by more than 15 associates.
Strategic Re-constitution of Committees
The company has also updated the membership of its key committees to ensure robust strategic and operational oversight:
Risk Management Committee
The committee is now led by Mr. Chacko Joseph as Chairman, with members including Mr. Desh Raj Dogra, Mr. Tarun Daga, Mr. Sandeep Abraham Joseph, Mr. Arup Das, and Mr. Soumitra Goswami.
Project Review Committee
The committee will be chaired by Mr. Ashok Bhandari. The committee members include Mr. Chacko Joseph, Mr. Sudip Banerjee, Mr. Subir Chakraborty, Mr. C.S. Govindaraj, and Mr. Arup Das.
Source: BSE
