HMT appoints G R S M & Associates as statutory auditor for FY27
- HMT Limited appointed M/s G R S M & Associates as statutory auditor for FY27
- M/s Gautam N Associates named as branch auditor for Aurangabad and Indore units
- The statutory auditor appointment continues the existing engagement without change
- Disclosures were filed with BSE and NSE on September 10, 2026
*this image is generated using AI for illustrative purposes only.
HMT Limited has appointed M/s G R S M & Associates as its statutory auditor and M/s Gautam N Associates as branch auditor for the financial year 2026-27. The Comptroller and Auditor General of India made the appointments, which were disclosed to stock exchanges on September 10, 2026.
The statutory auditor will handle corporate and consolidated accounts for HMT and its group companies based in Bengaluru. This marks a continuation of the existing engagement, with no change in the statutory auditor firm.
Audit Scope and Assignments
M/s Gautam N Associates will serve as the branch auditor. Their mandate covers the Food Processing Machinery Division in Aurangabad, Maharashtra, and a turnkey project located in Indore, Madhya Pradesh.
| Auditor Type | Firm Name | Scope of Audit |
|---|---|---|
| Statutory | M/s G R S M & Associates | Corporate and consolidated accounts of HMT Group |
| Branch | M/s Gautam N Associates | Food Processing Machinery Division (Aurangabad) and Turnkey Project (Indore) |
Auditor Profiles
G R S M & Associates is a Bengaluru-based partnership firm established in 1986. The firm holds an ICAI registration number of 000863S and possesses a valid peer review certificate. It is empanelled with the Reserve Bank of India under Category I classification and is eligible for audits of public sector undertakings by the CAG.
The firm employs seven partners and approximately 25 professional staff members, including chartered accountants and professionals qualified in CISA, DISA, and CMA. Its core services encompass statutory audits under Indian GAAP and Ind-AS frameworks, internal audits, and tax compliance.
M/s Gautam N Associates was established in 1980 and operates from Chhatrapati Sambhajnagar and Mumbai. The firm’s partner in Chhatrapati Sambhajnagar, Gautam Nandawat, holds a Certificate of Practice since 1980 and has served as an independent director at CLC Industries Ltd. The Mumbai partner, Anumeha Nandawat, holds a Certificate of Practice since 2011 and an MS in General Management from the University of Leeds.
Gautam N Associates has previously handled statutory audits for listed entities such as Nath Bio-genes (India) Ltd and APT Packaging Ltd, as well as major banks including the State Bank of India and Bank of Baroda.
Historical Stock Returns for HMT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.52% | -5.29% | +5.97% | -2.80% | +13.10% | +129.07% |
How might the continued engagement of G R S M & Associates impact HMT's financial reporting consistency and investor confidence for FY 2026-27?
What specific risks or operational challenges in the Aurangabad and Indore branches prompted the CAG to assign a specialized branch auditor like Gautam N Associates?
Given Gautam N Associates' experience with major banks and listed entities, how could their audit findings influence HMT's compliance standards across its group companies?
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
