Change in Statutory Auditors – National Fertilizers Limited

Outgoing Auditor

Not Specified

Incoming Auditor

Name of the New Audit Firm: M/s Dassani & Associates LLP, Chartered Accountants and M/s N. K. Bhargava & Co., Chartered Accountants appointed as Joint Statutory Auditors.

Firm Registration Number (FRN):

  • M/s Dassani & Associates LLP: ICAI Firm Reg. No. 009096C / C400365
  • M/s N. K. Bhargava & Co.: Not explicitly stated in the provided data.

Term of Appointment and Validity: Appointed for the Financial Year 2026-27.

Interim Appointment or Subject to Shareholder Approval: The appointment was made by the Comptroller and Auditor General of India (C&AG) under Section 139 of the Companies Act, 2013. The disclosure does not mention it being an interim appointment or subject to shareholder approval.

Qualifications or Professional Standing:

M/s Dassani & Associates LLP:

  • A legacy of over 42 years.
  • Head office in Madhya Pradesh with branches across Delhi, Maharashtra, Bihar, Uttar Pradesh, Rajasthan, Gujarat, Jharkhand, and Chhattisgarh.
  • Robust professional team including 18 Partners, 10 Chartered Accountant employees, and over 70 skilled professionals.
  • Empaneled with C&AG, Reserve Bank of India, MCX, Income Tax Department, SEBI, and various other government departments.
  • Previously served as Statutory Central Auditor (SCA) of a major Public Sector Bank (2020–2023) and handled SCA assignments for Regional Rural Banks (RRBs).
  • Conducted audits of 3 out of the 7 primary dealers approved by the RBI.
  • Key partners include CA. Udesh Dassani (28 years exp), CA. Tushar Vaidya (23 years exp), CA. Abhishek Maheshwari (22 years exp).

M/s N. K. Bhargava & Co.:

  • Established in 1978, headquartered in New Delhi with 2 branch offices.
  • Team consists of highly experienced professionals.
  • Experience in audit & assurance, financial & business advisory, tax advisory, compliances and litigation, transaction advisory, management and strategy consulting, due diligence, corporate laws advisory, insolvency advisory.
  • Clients range from large corporates to start-ups in sectors including power, renewable energy, banking, insurance, telecom, construction, aviation, information technology.
  • Regularly appointed as Statutory Auditors and Internal Auditors of Large Corporations, Public Sector Undertakings, Autonomous Bodies, Societies, and Private Sector Companies.
  • Also appointed as Statutory Central Auditors, Branch Statutory Auditors, Concurrent Auditors, Stock Auditors, Revenue Auditors, and Information System Auditors of various Public Sector Banks, Financial Institutions, and Insurance Companies.
  • Holds a valid Peer Review certificate.

Board / Committee Meeting Details

Not Specified. The appointment was made directly by the Comptroller and Auditor General of India (C&AG).

Regulatory Compliance Statement (SEBI LODR, Circulars)

The disclosure is made pursuant to Regulation 30 read with Part A of Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Annexures / Firm Profiles

A detailed profile for M/s Dassani & Associates LLP was provided, including its vision, mission, experience, infrastructure, partner details, employee details, services offered, and branch office locations. A shorter overview was provided for M/s N. K. Bhargava & Co.

Other Corporate Information

National Fertilizers Limited is a Government of India Undertaking. Its corporate office is at A-11, Sector-24, Noida-201301, Distt. Gautam Budh Nagar (U.P.).