Indag Rubber Limited has appointed M/s. Shome & Banerjee as Cost Auditors and M/s. Ernst & Young LLP as Internal Auditors for the financial year 2026-27. The Board approved these appointments on May 28, 2026, based on the recommendations of the Audit Committee. The decision ensures compliance with regulatory requirements and strengthens the company's governance framework for the upcoming fiscal year.

The appointment of M/s. Shome & Banerjee as Cost Auditors is effective from April 01, 2026. The firm brings 58 years of experience in cost audit, management consultancy, assurance services, and taxation. However, the remuneration for the Cost Auditors remains subject to approval by the shareholders at the ensuing Annual General Meeting.

M/s. Ernst & Young LLP has been appointed as the Internal Auditor for the financial year 2026-27, also effective from April 01, 2026. The firm's Risk Consulting practice focuses on delivering advisory, process improvement, and compliance services to enhance governance and operational efficiency.

Details of Appointments

The following table outlines the key details regarding the newly appointed auditors:

The intimation was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sonal Garg, Company Secretary & Compliance Officer, signed the disclosure on behalf of Indag Rubber Limited.

Indag Rubber Limited has approved the re-appointment of Mr. Raj Kumar Agrawal as a Non-Executive Independent Director for a second term of five years, subject to shareholder approval. The decision was taken by the Board of Directors during its meeting held on May 28, 2026, based on the recommendations of the Nomination and Remuneration Committee. The new term is scheduled to commence on June 15, 2026, and will conclude on June 14, 2031.

Mr. Raj Kumar Agrawal holds a DIN of 00177578. His re-appointment requires the approval of members at the company's ensuing Annual General Meeting. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profile

Mr. Raj Kumar Agrawal is a Chartered Accountant with a B.Com. (Hons) from Shri Ram College of Commerce. He was associated with S. R. Batliboi & Co, an EY Member firm, for over 43 years, providing accounting and advisory services across various industry sectors. Additionally, he has served the Accounting Standards Board and Audit & Assurance Standards Board of the ICAI as a Special Invitee Member and Co-opted Member for several years.

Appointment Details