Gala Precision Engineering Appoints M/s. Shekhar Joshi & Co. as Cost Auditor for FY2026-27
Gala Precision Engineering's Board of Directors approved the appointment of M/s. Shekhar Joshi & Co., Cost Accountant (Membership Number: 10700), as Cost Auditor for Financial Year 2026-27 at their meeting on May 14, 2026. The appointment was made on the recommendations of the Audit Committee and disclosed under Regulation 30 of the SEBI Listing Regulations. M/s. Shekhar Joshi & Co. is a Mumbai-based Cost Accounting firm specialising in Cost and Management Accounting Services. The Board Meeting was held between 3.30 P.M. and 5.40 P.M. (IST).
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Gala Precision Engineering 's Board of Directors, at their meeting held on May 14, 2026, approved the appointment of M/s. Shekhar Joshi & Co., Cost Accountant (Membership Number: 10700), as the Cost Auditor of the company. The appointment was made to conduct the audit of cost records for the Financial Year 2026-27. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board Meeting commenced at 3.30 P.M. (IST) and concluded at 5.40 P.M. (IST).
Appointment Details
The appointment was approved upon the recommendations of the Audit Committee at the Board Meeting held on May 14, 2026. The following table summarises the key details of the appointment as disclosed under Regulation 30 of the SEBI Listing Regulations:
| Parameter: | Details |
|---|---|
| Nature of Change: | Appointment |
| Date of Appointment: | May 14, 2026 |
| Name of Cost Auditor: | M/s. Shekhar Joshi & Co. |
| Membership Number: | 10700 |
| Scope of Audit: | Audit of cost records for Financial Year 2026-27 |
Profile of the Appointed Firm
M/s. Shekhar Joshi & Co. is a Cost Accounting firm based in Mumbai, India, led by Proprietor Mr. Shekhar Joshi. The firm specialises in Cost and Management Accounting Services. The disclosure of relationships between directors is not applicable in this case, as the appointment pertains to a Cost Auditor and not a Director.
Regulatory Compliance
The intimation was submitted in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company also noted that the outcome of the Board Meeting containing the intimation of approval of Financial Results for the Quarter and Financial Year ended March 31, 2026, was submitted separately, pursuant to BSE Circular No. 20230315-41 and NSE Circular No. NSE/CML/2023/20 dated March 15, 2023. The disclosure was signed by Pooja Ladha, Company Secretary and Compliance Officer of Gala Precision Engineering.
Historical Stock Returns for Gala Precision Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.75% | +5.44% | +14.18% | +14.12% | -3.10% | +13.08% |
How might the findings from M/s. Shekhar Joshi & Co.'s cost audit for FY2026-27 influence Gala Precision Engineering's pricing strategy and operational efficiency improvements?
Could the cost audit reveal opportunities for margin expansion in Gala Precision Engineering's product segments, and how might this impact investor sentiment?
What are the potential implications for Gala Precision Engineering's competitiveness if the cost audit uncovers significant inefficiencies in its manufacturing processes?
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