Key Appointment Details
Comptroller and Auditor General of India (CAG) appointed M/s PSMG & Associates, New Delhi as the Statutory Auditor of Indraprastha Gas Limited for the financial year 2026-27. The appointment was conveyed via CAG's letter dated September 07, 2026 (Reference No. /CA. V/ COY/CENTRAL GOVERNMENT,IGL(1)/171).
Regulatory Basis
The appointment was made in exercise of powers conferred by section 139 of the Companies Act 2013. The statutory/joint statutory auditors of the holding company shall also be the auditors of Consolidated Financial Statements under section 139 read with section 129(4) of the Companies Act, 2013.
Supplementary Audit Arrangements
Supplementary/test audit under sections 143(6) & (7) of the Companies Act, 2013 is entrusted to Director General of Audit, Oil & Gas located at 8th Floor, Audit Bhavan, Bandra Kurla Complex, Mumbai-400051.
Remuneration Guidelines
Audit remuneration and allowances are to be regulated as per provisions of section 142 of the Companies Act 2013 read with guidelines issued by Department of Company Affairs vide no. 7/76 dated 8th April, 1976 and no. 8/6/83 dated 7th June, 1984.
Reporting Requirements
IGL must intimate any revision in audit fees payable (including fees for consolidation) for FY 2026-27 and provide item-wise details of all remuneration paid to auditors for other services (other than statutory audit) along with TA/DA paid for FY 2025-26. This information should be provided as soon as accounts for FY 2025-26 are finalized.
Appointment Conditions
The appointment is subject to conditions stipulated in Annexure-I available on CAG's website (http://care.cag.gov.in/policy/terms.pdf).
Document References
- IGL Reference: IGL/CS/2026 dated September 08, 2026
- CAG Reference: No./CA. V/ COY/CENTRAL GOVERNMENT,IGL(1)/171 dated 07/09/2026
- Trading Symbol: IGL