HMT Limited, a Government of India Undertaking, has intimated the appointment of auditors for the Financial Year 2026-27 as directed by the Office of the Comptroller and Auditor General of India.

Auditor Appointments

Statutory Auditor: M/s. G R S M & Associates, Bengaluru - 560 004, Karnataka has been appointed for:

  • Corporate Accounts & Consolidated Accounts of HMT
  • Audit of Consolidated Financial Statements of HMT Group of Companies, Bangalore

There is no change in the statutory auditor from the previous year.

Branch Auditor: M/s. Gautam N Associates, Aurangabad - 431 001, Maharashtra has been appointed for:

  • Food Processing Machinery Division, Aurangabad
  • Turnkey Project at Indore, Madhya Pradesh

Auditor Profiles

GRSM & Associates, Chartered Accountants:

  • Bangalore-based partnership firm established in 1986 with 40 years of professional standing
  • ICAI registration number: 000863S
  • Holds valid peer review certificate from ICAI
  • Empanelled with Reserve Bank of India with Category I classification
  • Empanelled with Comptroller & Auditor General of India for PSU audits
  • Seven experienced partners and about 25 professional staff including two chartered accountants
  • Team includes CISA, DISA and CMA qualified professionals
  • Core services include statutory audits (Indian GAAP and Ind-AS), internal audits, tax audits, and tax/regulatory compliance
  • Experience with listed entities on NSE and BSE
  • Expertise in manufacturing, trading, IT/ITeS, banking/financial services, real estate, pharma, and infrastructure sectors
  • Experience with group consolidations and cross-border transactions

M/s. Gautam N Associates, Chartered Accountants:

  • Firm Registration Number: 103117W
  • Established in 1980
  • Office addresses:
  • Chhatrapati Sambhajinagar: 30, GNA house, Behind ABC Complex, Manmandir Travels Lane, Adalat Road, Chhatrapati Sambhajinagar - 431 001
  • Mumbai: Neelkanth Business Park, 'A' Wing, Office No-404, 4th Floor, Nathani Road, Vidyavihar (West) Mumbai - 400 077

Partners:

  • Gautam Nandawat: FCA 032742 (Practicing since 1980), Company Secretary - FCS 2243, Information System Audit diploma, 18 years industrial experience including as Chief Executive and Commercial Director in Steel and Paper Industry, Independent Director of CLC Industries Ltd (Listed Company)
  • Anumeha Nandawat: FCA 138976 (Practicing since 2011), M.S. (General Management) from University of Leeds (UK)
  • Purvee Jain: ACA 432550 (Practicing since 2019), Certified Forensic Auditor (FAFD-ICAI), Ex-Associate of Deloitte & Touché LLP, Hyderabad

Manpower Profile:

  • Articled Trainees: 18
  • Audit Assistants: 6
  • Office Staff: 4

Services Offered: Internal and Statutory Audit, System & Procedural Studies, Project Finance, Working Capital Finance, Costing Procedures, Income Tax Matters, Company Law Matters, Management Consultancy, Financial Restructuring, MLS built-up and Analysis, DSIR Approvals, Government incentives and subsidies advisory

Notable Clients include: Bank branch audits (Bank of Baroda, Bank of Maharashtra, Canara Bank, Central Bank of India, State Bank of India, Jammu & Kashmir Bank), Insurance audits (New India Assurance Co Ltd), Listed companies (Bio-genes Nath Ltd, APT Packaging Ltd), Multinational companies (Endress+Hauser group), and various other corporate entities.

The disclosure was signed by Kishor Kumar S, AGM (Company Secretary) of HMT Limited on 10th September 2026 at 17:38:54 IST.