GAIL appoints Ravi Rajan, Arun Agarwal firms as joint auditors for FY27
- CAG appoints M/s Ravi Rajan & Co. LLP and M/s Arun K Agarwal & Associates as joint statutory auditors for FY27
- Appointment made under Section 139 of the Companies Act, 2013 via letter dated September 7, 2026
- Director General of Audit, Oil & Gas, handles supplementary and test audit functions
- Disclosure filed in compliance with SEBI LODR Regulations, 2015
*this image is generated using AI for illustrative purposes only.
The Comptroller & Auditor General of India (CAG) has appointed two chartered accountant firms as joint statutory auditors for GAIL (India) Ltd for the financial year 2026-27. The appointment was notified via a letter dated September 7, 2026.
Auditor Appointment Details
The CAG issued the appointment under Section 139 of the Companies Act, 2013. The designated firms are:
- M/s Ravi Rajan & Co. LLP, Chartered Accountants, New Delhi
- M/s Arun K Agarwal & Associates, Chartered Accountants, New Delhi
These firms will serve as the Statutory Auditors for GAIL. As per regulatory requirements, the statutory auditors of the holding company also act as auditors for the Consolidated Financial Statements under Section 139 read with Section 129(4) of the Companies Act, 2013.
Supplementary Audit and Compliance
The supplementary and test audit for the company has been entrusted to the Director General of Audit, Oil & Gas, based in Mumbai. This function operates under Sections 143(6) and (7) of the Companies Act, 2013.
GAIL disclosed this information in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary, Deepak Asija, signed the disclosure on September 9, 2026. Remuneration for the auditors will be regulated according to Section 142 of the Companies Act, 2013, alongside guidelines from the Department of Company Affairs.
Historical Stock Returns for GAIL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.11% | +1.28% | +0.73% | +12.32% | +1.47% | +80.81% |
How might the appointment of these specific audit firms influence investor confidence in GAIL's financial transparency for FY 2026-27?
Are there any pending regulatory observations from previous audits that these new statutory auditors will need to address in their upcoming reports?
What impact could the supplementary audit by the Director General of Audit, Oil & Gas, have on GAIL's compliance timelines and operational reporting?
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