GMR Airports appoints M/s. Narasimha Murthy & Co. as cost auditor for FY27
GMR Airports Limited appointed M/s. Narasimha Murthy & Co. as Cost Auditor for FY 2026-27 on May 27, 2026. The firm, with over 42 years of experience, will audit the company's cost records. The appointment requires shareholder ratification for remuneration at the next General Meeting.
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GMR Airports Limited has appointed M/s. Narasimha Murthy & Co. as its Cost Auditor for the Financial Year 2026-27 to conduct the audit of the company's cost records. The Board of Directors approved the appointment during its meeting held on May 27, 2026, subject to the ratification of the remuneration by members at the ensuing General Meeting.
The decision was taken pursuant to Regulations 30 and 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm brings over 42 years of experience in cost audit and related fields, with specialization covering more than 50 industries, including airports, aircraft MRO, construction, and other infrastructure-related businesses.
Appointment Details
The following table outlines the key particulars of the appointment:
| Sr. no. | Particular | Details |
|---|---|---|
| 1. | Reason for Change | Appointment of M/s. Narasimha Murthy & Co., Cost Accountants (Firm Registration No. 000042) as the Cost Auditor of the Company for conducting the audit of the Cost Records of the Company, for the Financial Year 2026 - 2027. |
| 2. | Date of Appointment & term | M/s. Narasimha Murthy & Co., Cost Accountants (Firm Registration No. 000042) as the Cost Auditor of the Company for conducting the audit of the Cost Records of the Company, for the Financial Year 2026 – 2027 subject to ratification of the remuneration by the Members at the ensuing General Meeting of the Company. |
| 3. | Brief profile | M/s. Narasimha Murthy & Co., Cost Accountants are having more than 42 years of experience in the fields of Cost Audit, Management Information & Control Systems Development, Critical Analysis of Performance & Strategic Planning, Management Audit, Government Assignments, Corporate Restructuring, Foreign Collaborations & Negotiations, Cost Reduction Programmes, Business Valuation, Organization Analysis & Structure, Internal Audit, Concurrent Audit, Pre-Audit and GST-Audit and Other Management Support Services. The firm has Specialization covers more than 50 Industries including Airports, Aircraft MRO, Construction and other Infrastructure related businesses. |
| 4. | Disclosure of relationships | Not Applicable |
The company has requested the stock exchanges to take the information on record.
Historical Stock Returns for GMR Airports
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.04% | +4.28% | +3.16% | -1.00% | +21.48% | +289.43% |
What specific cost efficiencies or operational improvements does GMR Airports expect to achieve with this new auditor?
How might the appointment of a specialized cost auditor influence GMR's financial transparency and investor confidence?
Could this move signal a broader strategy for GMR to optimize costs across its infrastructure projects?
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