HOCL CAG Reappoints Balan & Co Auditors FY26-27

Key Entities Involved

• Appointing Authority: Comptroller and Auditor General of India (CAG)
• Appointed Auditor: M/s. Balan & Co, Chartered Accountants, Kochi
• Administrative Control: Ministry of Chemicals & Fertilizers, Department of Chemicals and Petro Chemicals, Government of India

Appointment Details

• Date of Appointment: September 7, 2026 (CAG letter No. No./CA. V/COY/CENTRAL GOVERNMENT, HOCL(1)/163)
• Date of Receipt: September 8, 2026
• Term of Appointment: Financial year 2026-27
• Scope: Statutory auditors for both standalone financial statements and consolidated financial statements of HOCL

Legal Basis

Appointment made under Section 139(5) of the Companies Act, 2013, which mandates that statutory auditors for government companies (CPSEs) are appointed by the Comptroller and Auditor General of India.

Auditor Profile

M/s. Balan & Co is a Chartered Accountant firm with main office located at Kochi. CA Mohanan is identified as the managing partner of the firm.

Financial Impact

No financial impact quantified in the disclosure. The appointment represents routine statutory compliance for audit services.