Shanti Spintex Limited has announced the re-appointment of M/s. Mayur Chhaganbhai Undhad and Co. as its Cost Auditor. The decision was made by the Board of Directors upon the recommendation of the Audit Committee for the financial year 2026-2027. This re-appointment is in compliance with the Companies Act, 2013, and relevant SEBI regulations. The company has provided details as per SEBI circulars in Annexure A.
Cost Auditor Re-appointment Confirmed
Shanti Spintex Limited has officially re-appointed M/s. Mayur Chhaganbhai Undhad and Co. as the Cost Auditor for the upcoming financial year, 2026-2027. This decision was ratified by the company’s Board of Directors on August 13, 2026, following a recommendation from the Audit Committee. The re-appointment adheres to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Regulatory Compliance
The company confirmed that the re-appointment of M/s. Mayur Chhaganbhai Undhad and Co. is in full compliance with Section 141 and Section 148 of the Companies Act, 2013, along with the Companies (Cost Records and Audit) Rules, 2014. Further details required under SEBI regulations, including the cost auditor’s profile and consent letter, are provided in Annexure A.
Auditor’s Confirmation
M/s. Mayur Chhaganbhai Undhad and Co. has confirmed their acceptance of the re-appointment. They have also provided assurances that they do not suffer from any disqualifications as per Section 141 of the Companies Act, 2013, and that their appointment falls within the prescribed limits of Section 148. The firm also certified its independence and that no pending proceedings would affect their professional conduct.
Source: BSE
