Change in Statutory Auditors – NHPC Ltd

Outgoing Auditor

Name of the Resigning Firm: Not Specified

Reason for Resignation: Not Specified

Effective Date of Resignation: Not Specified

Date of Resignation Letter: Not Specified

Duration in Role (if available): Not Specified

Board’s Acknowledgment / Statement: Not Specified

Replacement Appointed

Name of the New Audit Firm: The Comptroller & Auditor General of India (CAG) has appointed the following three firms as Joint Statutory Auditors for the financial year 2026-27:

  • M/s Vinod Kumar & Associates, New Delhi
  • M/s S Jaykishan, Kolkata
  • M/s Dharam Raj & Co., Jammu

Firm Registration Number (FRN):

  • M/s S Jaykishan: 309005E
  • FRN for other firms not specified in the provided data.

Term of Appointment and Validity: The appointment is for the financial year 2026-27.

Interim Appointment or Subject to Shareholder Approval: The appointment is made by the Comptroller & Auditor General of India (CAG).

Qualifications or Professional Standing (if mentioned): Brief profiles of the firms are attached to the disclosure.

Regulatory Compliance Statement

Regulatory Compliance Statement (SEBI LODR, Circulars): The disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Delay in Disclosure (if applicable): Not Specified

Financial Implications

Not Specified

Board / Committee Meeting Details

Date and Name of the Meeting: Not Specified

Resolutions or Approvals Given: Not Specified

Annexures / Firm Profiles

Summary of Incoming Audit Firm’s Experience:

1. Vinod Kumar & Associates (VKA), New Delhi:

  • A multi-disciplinary firm established on 4th February 1980.
  • Offers services including management consultancy, corporate finance, audit, tax, and legal advisory.
  • Has 15 partners with a combined experience of over 200 years, 36+ Chartered Accountants, and 60+ semi-qualified staff and trainees.
  • Key people include CA Vinod Jain (Founder), CA Pardeep Diwan, CA Bhupendra Mohan, CA N.C. Maheshwari, CA Aastha Jain, CA Mukesh Dadhich, and CA Jay Prakash Agarwal.

2. S Jaykishan, Kolkata (FRN: 309005E):

  • A partnership firm established on 22 October 1976 (49 years in existence).
  • Headquartered in Kolkata with locations in Mumbai and Bengaluru.
  • Empanelled with CAG (CA0317) and RBI (Unique Code: 071008).
  • Has 16 full-time partners (15 FCAs) and over 105 skilled staff/articled assistants.
  • Major assignments include statutory audits for Bank of India, Central Bank of India, State Bank of India, SAIL, and NHPC Ltd.

3. Dharam Raj & Co., Jammu:

  • A partnership firm with 29 years of experience.
  • Empanelled with CAG (Empanelment No. SPJ 118) and RBI (Empanelment No: 105817).
  • Experience across diverse sectors including Banking, PSUs, Power, Energy, Oil & Gas, and Infrastructure.
  • Served as Central Statutory Auditor for banking institutions for 11 years and has 5 years of audit experience in the Power, Energy, and DISCOM sectors.
  • Contact: Dharam Raj (FCA) at 9811327272, 9821429098; Mail ID: drc@drcca.in & drc@drcifrs.com.

Any Declarations or Eligibility Confirmations: The firms are empanelled with the CAG and RBI, confirming their eligibility for auditing large public sector undertakings.

Other Corporate Information

The Joint Statutory Auditors shall also be the auditors of the Consolidated Financial Statements of the Company under Section 139 read with Section 129(4) of the Companies Act, 2013.

It is noted that there is no change in two Joint Statutory Auditors (M/s S Jaykishan, Kolkata and M/s Dharam Raj & Co., Jammu) from the previous year.