Statutory Auditor Appointment
The Board of Directors of Rashtriya Chemicals and Fertilizers Limited (RCF) approved the appointment of M/s Raju & Prasad and M/s J C R & Co LLP as statutory auditors for the financial year 2026-27. The appointment was formalized during a board meeting held on September 25, 2026, which commenced at 17:30 and concluded at 19:20. This appointment is made under Section 139 of the Companies Act, 2013, pursuant to their selection by the Comptroller and Auditor General of India (C&AG).
Audit Firm Qualifications and Experience
The disclosure includes comprehensive professional profiles of partners from K Gopal Rao & Co, showcasing extensive audit expertise across multiple domains. Partners possess decades of experience conducting statutory, internal, and bank audits for major public sector entities including Bank of Maharashtra, City Union Bank, TANGEDCO, BSNL, Airport Authority of India, and various government health societies. The team includes specialists in taxation, GST, concurrent audits, stock audits, and financial consulting across pharmaceutical, metals, manufacturing, dairy, entertainment, and service sectors.
Technical Capabilities and Client Portfolio
The audit firms demonstrate robust technical capabilities including comprehensive tax expertise (income tax, GST, service tax, VAT), advanced software proficiency (TallyERP9, MS Office Suite, various ERP systems), and certificate courses in GST, concurrent audit, foreign exchange management, and information systems audit. Their client portfolio spans bank audits (State Bank of India, Bank of Baroda, Tamil Nadu Mercantile Bank), public sector audits (Container Corporation of India, Tamil Nadu Industrial Explosives Limited), and government projects (State Health Society, Tamil Nadu Adi Dravidar Housing and Development Corporation).