Change in Director / Key Managerial Personnel
Not applicable to this disclosure.
Key Financial or Operational Approvals
- The Board of Directors of Axita Cotton Limited, at their meeting held on Wednesday, August 12, 2026, approved the appointment of M/s. Reena Patadiya & Co. (Firm Registration No. 004346) as Cost Auditor of the Company for the Financial Year 2026-2027.
- The Audit Committee also evaluated and recommended this appointment at their meeting held on the same date (August 12, 2026).
- The term of appointment is specifically for conducting the Cost Audit of the Company for the Financial Year 2026-2027.
Strategic or Business Context
- The Board and Audit Committee evaluation was based on multiple factors including the firm's capability to serve a diverse business landscape, industry-wide audit experience, market reputation, client base, technical expertise, and governance standards.
- The appointed firm, M/s. Reena Patadiya & Co., is a proprietorship firm established in 2012 by Ms. Reena Kantilal Patadiya (ACMA, M.Com.).
- The firm provides services in Cost Audit & Cost Compliance, Cost Implementation, Internal Controls Structure Set-Up, Direct and Indirect Taxes, Internal and Statutory Audit, and Corporate and Allied Laws Consultancy.
Any Other Material Information
- The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
- The complete details as required under Regulation 30 are provided in Annexure I of the filing.
- The letter was signed by Shyamsunder Panchal, Company Secretary and Compliance Officer (Membership No. A50793), on behalf of Axita Cotton Limited.