Change in Statutory Auditors – Shipping Corporation of India Land and Assets Limited
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: B D Jokhakar & Co
Firm Registration Number (FRN): 104345W
Term of Appointment and Validity: Appointed for the Financial Year 2026-2027
Interim Appointment or Subject to Shareholder Approval: Appointment made by the Comptroller and Auditor General of India under Section 139 of the Companies Act, 2013. Not subject to shareholder approval.
Qualifications or Professional Standing: Firm founded in 1932 in Mumbai. Described as having "high values of ethics, professional objectivity and technical expertise." Has catered to domestic and international clients in assurance, tax, compliance, and advisory for over four generations.
Regulatory Compliance Statement (SEBI LODR, Circulars)
Disclosure made to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular dated 11th November, 2024.
Delay in Disclosure: No delay reported. Disclosure made on 09 September 2026 at 1505 IST hours.
Financial Implications
Not Specified
Board / Committee Meeting Details
Date and Name of the Meeting: Not Specified. Appointment was communicated via letter from the Comptroller and Auditor General of India.
Resolutions or Approvals: Not Specified. The appointment was directed by the C&AG.
Annexures / Firm Profiles
Summary of Incoming Audit Firm’s Experience: B D Jokhakar & Co is a Chartered Accountant firm based in Mumbai. The firm offers services in assurance, tax, compliance, and advisory to both domestic and international clients. It has a long legacy with heritage clients spanning four generations.
Any Declarations or Eligibility Confirmations: The firm holds a valid Peer Review Certificate (Yes). The PAN of the auditor's firm is AADFB1729J. The partner, Mr. Bhavik Lalit Jain (Membership Number: 160166, Fellow), is Indian. The firm is registered at Raja Bahadur Mansion, 8 Ambalal Doshi Marg, Fort, Mumbai - 400001, Maharashtra.
Other Corporate Information
The supplementary/test audit under Sections 143(6) & (7) of the Companies Act, 2013 is entrusted to the Principal Director of Audit, Shipping, Indian Oil Bhavan, 139, Nungambakkam High Road, Chennai-600034.
Remuneration for the auditors is to be regulated as per Section 142 of the Companies Act, 2013 and guidelines issued by the Department of Company Affairs (vide no. 7/76 dated 8th April, 1976 and no. 8/6/83 dated 07th June, 1984).
The company is requested to provide any revision in audit fees for 2026-2027 and item-wise details of all remuneration paid to auditors for other services (excluding statutory audit) for 2025-2026 once the accounts are finalized.
The appointment is subject to conditions stipulated in Annexure-I available on the CAG's website (http://care.cag.gov.in/policy/terms.pdf).