The Board of Directors, at their meeting held on May 26, 2026, and based on the recommendation of the Audit Committee, re-appointed three firms:

1. M/s. S Lal Bansal & Co

  • Appointment Scope: Internal Auditor for Unit-IV, Gear Division, and Manpura Unit located in Himachal Pradesh.
  • Date of Re-Appointment: 26th May 2026 for FY 2026-27.
  • Profile: A Chartered Accountancy firm established in 1980 and based in Chandigarh. It specializes in income tax representation, GST advisory, service tax cases, and foreign accounting. The firm has extensive experience in statutory, bank, government, and special audits, serving clients including State Bank of India (SBI) and Punjab National Bank (PNB).

2. M/s. Anand Saklecha & Co

  • Appointment Scope: Internal Auditor for Unit-I and Unit-II located in Madhya Pradesh.
  • Date of Re-Appointment: 26th May 2026 for FY 2026-27.
  • Profile: A partnership firm established in 2002. It is recognized as a Category I firm by the ICAI and is empaneled with the Comptroller & Auditor General of India. The firm specializes in audit services, strategic business advisory, and financial consultancy, including statutory audits, concurrent audits, internal auditing, and stock audits. It employs a team of 60 professionals, including Chartered Accountants, Cost Accountants, Company Secretaries, MBAs, and ex-bankers, serving clients in banking, pharmaceuticals, technology, real estate, healthcare, manufacturing, and government sectors.

3. M/s. JHS & Associates LLP

  • Appointment Scope: Internal Auditor for the Gametha Unit, Vadodara, located in Gujarat.
  • Date of Re-Appointment: 26th May 2026 for FY 2026-27.
  • Profile: A registered limited liability partnership in India that provides integrated professional services across 10 cities with a team of 500+ experts. The firm specializes in Assurance, Taxation, Governance & Risk Consulting, Outsourced Accounting, Profit Improvement, and Foreign Exchange Management.

The disclosure confirms that there are no relationships between directors and the appointed audit firms, as indicated by "Not Applicable" in the relevant section.

The reappointments are stated to be in compliance with Section 138 of the Companies Act, 2013 and the rules made thereunder.

Financial Impact: Not quantified in the disclosure.