NewsGHCL Board Approves Deloitte Haskins & Sells as Statutory Auditor; Re-appoints Internal and Cost AuditorsGHCL Board Approves Deloitte Haskins & Sells as Statutory Auditor; Re-appoints Internal and Cost Auditors
GHCL Limited's 217th Board Meeting on May 5, 2026, approved the recommendation of Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditor for five consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval at the 43rd AGM. The board also re-appointed Sharp and Tannan Associates as Internal Auditor for the Soda Ash Division and SPMB & Co. LLP for the Consumer Product Division, both for FY 2026-27. R J Goel & Co. was re-appointed as Cost Auditor for FY 2026-27. All appointments comply with the Companies Act, 2013, and SEBI (LODR) Regulations, 2015.
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GHCL Limited's Board of Directors, at its 217th Board Meeting held on May 5, 2026, approved a series of auditor appointments and re-appointments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The most significant decision was the recommendation of Deloitte Haskins & Sells Chartered Accountants LLP as the company's new Statutory Auditor, subject to shareholder approval at the upcoming 43rd Annual General Meeting.
Statutory Auditor Appointment
Based on the recommendation of the Audit & Compliance Committee, the board approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditor following the completion of the second term of the existing Statutory Auditor. The appointment, if approved by shareholders, will cover five consecutive financial years from FY 2026-27 to FY 2030-31.
| Parameter: | Details |
|---|---|
| Auditor Name: | Deloitte Haskins & Sells Chartered Accountants LLP |
| Date of Recommendation: | May 5, 2026 |
| Tenure: | Five consecutive years |
| Period Covered: | FY 2026-27 to FY 2030-31 |
| From AGM: | Conclusion of 43rd Annual General Meeting (FY 2025-26) |
| Until AGM: | Conclusion of 48th Annual General Meeting (FY 2030-31) |
| Subject To: | Shareholder approval at 43rd AGM |
| ICAI Registration No.: | 117364W/W100739 |
| Registered Office: | 19th Floor, Shapath – V, S G Highway, Ahmedabad – 380 015, India |
Deloitte Haskins & Sells was constituted in 1997 and was converted to a Limited Liability Partnership under the name Deloitte Haskins & Sells Chartered Accountants LLP with effect from June 2, 2021. The firm is registered with the Institute of Chartered Accountants of India and is part of the Deloitte Haskins & Sells & Affiliates network of firms registered with the ICAI. No relationship between the firm and the company's directors has been disclosed.
Internal Auditors Re-appointed for FY 2026-27
The board also re-appointed two firms as Internal Auditors for the financial year 2026-27, each assigned to a distinct business division of the company.
| Parameter: | Sharp and Tannan Associates | SPMB & Co. LLP |
|---|---|---|
| Location: | Baroda | Chennai |
| Division Covered: | Soda Ash Division | Consumer Product Division (CPD) |
| Date of Appointment: | May 5, 2026 | May 5, 2026 |
| Tenure: | FY 2026-27 | FY 2026-27 |
| Established: | 1934 | 2024 |
| Relationship with Directors: | None | None |
Sharp and Tannan Associates (S&TA), established in 1934, has its head office in Mumbai with branches across India including Ahmedabad and Baroda. The firm currently has nine partners and brings more than six decades of experience in internal audit, assurance, and consulting. S&TA follows a risk-based auditing approach under the COSO 1992 framework and has adopted Robotic Process Automation (RPA) in its internal audit and consulting assignments.
SPMB & Co. LLP, established in 2024, is led by internal audit experts with a collective partner experience of more than 25 years. The firm focuses on Risk Advisory, Indirect Taxation Consultation, Accounts Book-keeping, and Transaction Advisory Services, and operates across sectors including Manufacturing, Service, Infrastructure, and Retail.
Cost Auditor Re-appointed for FY 2026-27
The board re-appointed R J Goel & Co., Cost Accountants, New Delhi as Cost Auditor for the financial year 2026-27, in compliance with the Companies Act, 2013.
| Parameter: | Details |
|---|---|
| Auditor Name: | R J Goel & Co., Cost Accountants |
| Location: | Pitampura, New Delhi |
| Date of Appointment: | May 5, 2026 |
| Tenure: | FY 2026-27 |
| Established: | 1978 |
| Relationship with Directors: | None |
The firm was established in 1978 and currently has four partners with more than three decades of experience in cost audit. R J Goel & Co. has expertise across a wide range of industries including Chemicals, Cement, Pharmaceuticals, Steel, Power, and Textiles, among others.
Disclosure and Compliance
All appointments were made pursuant to the applicable provisions of the Companies Act, 2013, and SEBI (LODR) Regulations, 2015. The intimation has been made available on the websites of BSE Limited, the National Stock Exchange of India Limited, and the company's own website. No relationship between any of the appointed auditors and the company's directors has been disclosed in any of the annexures.
Historical Stock Returns for GHCL
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.86% | +2.15% | +16.68% | -13.75% | -8.84% | +121.24% |
How might Deloitte Haskins & Sells' appointment as statutory auditor influence investor confidence in GHCL's financial reporting standards compared to its predecessor auditor?
Could the transition to a Big Four auditor like Deloitte signal GHCL's intentions for future capital raising, international expansion, or strategic acquisitions?
What potential changes in audit methodology or financial disclosures might shareholders expect during Deloitte's five-year tenure from FY 2026-27 to FY 2030-31?
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