Anik Industries Limited appointed M/s K.G. Goyal & Co., Cost Accountant, as the Cost Auditor and M/s MMM & Co. as the Internal Auditor for the financial year 2026-27. The Board of Directors approved these appointments during a meeting held on June 18, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment of the Cost Auditor was made in accordance with the provisions of Section 148 of the Companies Act, 2013. M/s K.G. Goyal & Co. is a cost audit firm based in Jaipur, with the partner possessing over 26 years of experience in cost audit and related matters. The Internal Auditor appointment follows Section 138 of the Companies Act, 2013. M/s MMM & Co., a Chartered Accountants firm based in Indore, specializes in audit and assurance, management consultancy, and tax compliance.

Appointment Details

The following table summarizes the key details of the auditor appointments:

Anik Industries Limited and its material subsidiary, Revera Milk and Foods Private Limited, have acquired a 50% stake in Best Season Developers LLP for a total consideration of Rs 40.47 crores. The acquisition, effective June 17, 2026, marks the company's expansion into real estate development with the specific objective of developing land into an integrated township.

The Board of Anik Industries approved the strategic move during a meeting held on June 17, 2026. The transaction was structured as a transfer of advances, with Anik Industries Limited acquiring a 32% stake for Rs 25.10 crores and Revera Milk and Foods Private Limited acquiring an 18% stake for Rs 15.37 crores. The target entity, Best Season Developers LLP, was incorporated on May 25, 2026, as a joint venture entity focused solely on real estate development within India.

The disclosure was made to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transaction does not constitute a related party transaction and that no specific governmental or regulatory approvals were required for the acquisition.

Financial Breakdown of Acquisition

The following table details the cost of acquisition and the percentage of stake acquired by the company and its subsidiary:

The acquisition allows Anik Industries to diversify its operations by entering the real estate sector. The project involves developing land owned by another partner of the LLP into an integrated township. The company stated that the expansion is part of its broader strategy to grow its business portfolio.