HUDCO appoints S A R C & Associates as statutory auditors for FY27
- CAG appoints M/s S A R C & Associates as statutory auditors for HUDCO for FY27
- Appointment confirmed via letter dated September 8, 2026, under Companies Act 2013
- Firm will also audit consolidated financial statements under Section 139 read with Section 129(4)
- S A R C & Associates has over 40 years of experience and is empanelled with RBI and CAG
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The Comptroller and Auditor General of India (CAG) has appointed M/s S A R C & Associates as the statutory auditors for Housing and Urban Development Corporation Limited for the financial year 2026-2027.
The appointment was conveyed via letter dated September 8, 2026, under Section 139 of the Companies Act, 2013. The firm will also audit the consolidated financial statements for FY27 under Section 139 read with Section 129(4) of the Act. This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Auditor Profile
M/s S A R C & Associates is a chartered accountancy firm incorporated on March 11, 1986. With over 40 years of experience, the firm operates through 14 branches and employs more than 200 professionals, including 17 partners.
| Parameter | Details |
|---|---|
| Date of Incorporation | March 11, 1986 |
| ICAI Firm Registration Number | 006085N |
| CAG Empanelment Number | DE2063 |
| RBI Unique Code Number | 892457 |
| Peer Review Number | 023065 |
| Number of Partners | 17 (including 16 FCA partners) |
| Number of Professionals | 200+ |
| Number of Branches | 14 |
Regulatory Empanelments
The firm holds empanelment with several key regulatory and government bodies, including:
- Reserve Bank of India (RBI)
- Comptroller and Auditor General of India (C&AG)
- Indian Bank's Association as Forensic Auditors (for criteria above and up to ₹50 crore)
- National Highways Authority of India
- Official Liquidators of High Courts
- Director General Hydrocarbons
- Service Tax Commissionerate for special audits under Section 72A of the Finance Act, 1994
The firm is certified under ISO 9001:2015 and ISO/IEC 27001:2022 standards.
Historical Stock Returns for HUDCO
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.72% | -2.39% | -13.41% | -0.03% | -19.35% | +303.90% |
How might the appointment of S A R C & Associates influence HUDCO's financial reporting transparency and compliance standards for FY27?
Are there any specific audit focus areas or risk assessments that S A R C & Associates has highlighted for HUDCO's upcoming financial year?
What impact could this auditor change have on investor confidence and HUDCO's stock performance in the short term?
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