Key Decision

Upon recommendation of the Audit Committee, the Board of Directors of Shanti Spintex Limited re-appointed M/s. Mayur Chhaganbhai Undhad and Co. (Firm Registration Number: 103961) as the Cost Auditor of the Company for the financial year 2026-2027. The decision was made at the board meeting held on 13.08.2026.

Appointment Details

  • Appointed Entity: M/s. Mayur Chhaganbhai Undhad and Co.
  • Nature of Appointment: Re-Appointment
  • Effective Date: 13.08.2026
  • Term: Financial year 2026-2027
  • Reason for Change: To comply with the Companies Act, 2013 and SEBI Listing Regulations requirements

Auditor Profile and Confirmation

A brief profile of the cost auditor was attached as an enclosure. The firm's proprietor is CMA Mayur Undhad (Membership No. 37444), a Certified Practicing Cost Accountant with 8+ years of professional experience.

The firm provided a consent letter dated 10-08-2026 addressed to the Board of Directors, confirming:

  • Acceptance of the appointment as Cost Auditor for the financial year ending 31st March 2027
  • No disqualifications as specified under Section 141 of the Companies Act, 2013 read with Section 148 of the Act
  • The appointment would be within the limits prescribed under Section 141(3)(g) read with Section 148 of the Act
  • Holding a valid Certificate of Practice issued by the Institute of Cost Accountants of India
  • PAN No.: AELPU0055J
  • Firm Registration No.: 103961
  • Independence from the company and arm's length relationship
  • No pending orders or proceedings relating to professional matters of conduct before the Institute of Cost Accountants of India or any competent authority or court

Services Offered by Auditor

The auditor's firm provides:

  • Costing & Assurance Services: Cost Audit, Preparation of Cost Records, Development of Costing Systems, Management Consultancy, Stock Valuation, Product Costing
  • Other Value-Added Services: Cost working for Anti-Dumping cases (national and international), Cost working for Insurance Claims

Financial Impact

Financial impact not quantified in the disclosure.