HPCL confirms continuance of existing statutory auditors per C&AG advice
- HPCL continues existing statutory auditors as advised by C&AG
- Advisory received on September 8, 2026
- Compliance with SEBI LODR Regulations and Companies Act 2013
- No change in the current audit firm arrangement
*this image is generated using AI for illustrative purposes only.
Hindustan Petroleum Corporation Ltd has confirmed the continuance of its existing statutory auditors. The decision follows an advisory from the Comptroller and Auditor General of India received on September 8, 2026.
The company disclosed this development in a letter to stock exchanges, citing Regulation 30 read with Schedule III Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The continuance is mandated under Section 139 of the Companies Act, 2013.
Auditor Profile
The firm continues its role as the statutory auditor for the government enterprise. The engagement covers the standard scope of statutory audits for the entity.
Key Details
- Advisory Date: September 8, 2026
- Regulatory Basis: Section 139 of the Companies Act, 2013
- SEBI Regulation: Regulation 30, Schedule III Part A
- Auditor Status: Continuance of existing firm
Historical Stock Returns for Hindustan Petroleum
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.77% | -5.13% | -11.72% | -14.31% | -9.54% | +94.69% |
How might the retention of the current statutory auditor influence investor confidence in Hindustan Petroleum's upcoming financial disclosures?
Are there any pending regulatory observations from the CAG that could impact the scope or timeline of the next audit cycle?
Could this decision signal a shift in the company's internal governance strategy regarding external oversight and compliance?
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