GHCL Textiles Board Recommends Deloitte as Statutory Auditor for Five-Year Term
GHCL Textiles Limited's board meeting on April 30, 2026, resulted in key auditor appointments including recommendation of Deloitte Haskins & Sells as statutory auditor for five years (FY 2026-27 to FY 2030-31) subject to AGM approval, and re-appointment of SPMB & Co. LLP and R J Goel & Co. as internal and cost auditors respectively for FY 2026-27.
*this image is generated using AI for illustrative purposes only.
GHCL Textiles Limited announced significant auditor appointments following its 29th board meeting held on April 30, 2026. The board has recommended key appointments across statutory, internal, and cost audit functions to ensure regulatory compliance and strengthen governance frameworks pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Statutory Auditor Recommendation
The board has recommended Deloitte Haskins & Sells Chartered Accountants LLP as the company's statutory auditor for a five-year term spanning FY 2026-27 to FY 2030-31. This appointment is subject to shareholder approval at the ensuing 6th Annual General Meeting.
| Parameter: | Details |
|---|---|
| Auditor Name: | Deloitte Haskins & Sells Chartered Accountants LLP |
| Appointment Period: | FY 2026-27 to FY 2030-31 |
| Recommendation Date: | April 30, 2026 |
| Approval Required: | Shareholders at 6th AGM |
| Registration No.: | 117364W/W100739 |
| Registered Office: | 19th Floor, Shapath – V, S G Highway, Ahmedabad – 380 015 |
Deloitte Haskins & Sells was originally constituted in 1997 and converted to a Limited Liability Partnership effective June 2, 2021. The firm is registered with the Institute of Chartered Accountants of India and operates as part of the Deloitte Haskins & Sells & Affiliates network. The regulatory disclosure confirms no relationships exist between the appointed auditors and the company's directors, ensuring independence in audit functions.
Internal Auditor Re-appointment
SPMB & Co. LLP, Chartered Accountants, Chennai, has been re-appointed as the company's internal auditor for FY 2026-27 to comply with Companies Act, 2013 requirements.
| Parameter: | Details |
|---|---|
| Firm Name: | SPMB & Co. LLP |
| Location: | Chennai |
| Appointment Date: | April 30, 2026 |
| Term: | Financial Year 2026-27 |
| Establishment Year: | 2024 |
| Staff Strength: | More than 30 professionals |
| Locations: | Two different locations |
Established in 2024, SPMB & Co LLP focuses on operational excellence and leverages technology for innovative business solutions. The firm is led by internal audit experts with over 25 years of collective partner experience. Their services include risk advisory, indirect taxation consultation, accounts book-keeping, and transaction advisory services.
Cost Auditor Re-appointment
R J Goel & Co., Cost Accountants, New Delhi, has been re-appointed as cost auditor for FY 2026-27, ensuring continued compliance with statutory requirements.
| Parameter: | Details |
|---|---|
| Firm Name: | R J Goel & Co. |
| Location: | New Delhi (Head Office: Pitampura) |
| Establishment Year: | 1978 |
| Number of Partners: | Five |
| Experience: | Over 3 decades in cost audit |
| Founder: | Late Sh. R. J. Goel (Former President of ICMAI) |
The firm was established in 1978 by Late Sh. R. J. Goel, Former President of ICMAI. Currently led by five partners including Mr. Hari Krishan Goel, Mr. Naresh Kumar Goel, Mr. Raman Lal Agrawal, Mr. Subhash Chandra Agrawal, and Mr. P. K. Amar, the firm brings extensive experience across diverse industries including automobile, chemicals, pharmaceuticals, textiles, and telecommunications.
Regulatory Compliance and Meeting Details
All appointments have been made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions. The board meeting commenced at 11:30 AM on April 30, 2026, with Company Secretary & Compliance Officer Lalit Narayan Dwivedi overseeing the regulatory disclosures.
| Meeting Details: | Information |
|---|---|
| Meeting Type: | 29th Board Meeting |
| Date: | April 30, 2026 |
| Start Time: | 11:30 AM |
| Compliance Officer: | Lalit Narayan Dwivedi (FCS10487) |
| Regulatory Framework: | SEBI Listing Regulations & SEBI Master Circular |
The company has confirmed that the disclosure information is available on the websites of BSE Limited, National Stock Exchange of India Limited, and the company's official website. All recommended appointments ensure continued regulatory compliance while maintaining independence in audit functions across statutory, internal, and cost audit requirements.
Historical Stock Returns for GHCL Textiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.03% | +3.64% | +29.63% | +14.10% | +10.21% | +30.22% |
What strategic changes might GHCL Textiles implement during Deloitte's five-year audit tenure that could impact financial reporting and governance practices?
How could the appointment of multiple new audit firms simultaneously affect GHCL Textiles' operational costs and compliance efficiency in the coming fiscal year?
Will GHCL Textiles' transition to Deloitte as statutory auditor signal potential expansion plans or restructuring initiatives requiring enhanced audit capabilities?
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