IRFC appoints GSA & Associates, K G R S & Co as joint statutory auditors for FY27
- IRFC appointed GSA & Associates LLP and K G R S & Co as joint statutory auditors for FY27
- C&AG issued the appointment order on September 9, 2026
- Disclosures made to exchanges on September 17, 2026 per SEBI Listing Regulations
- GSA & Associates LLP founded in 1975; K G R S & Co established in 1988
- Both firms serve PSUs, banks, and multinational corporations
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Indian Railway Finance Corporation Ltd has appointed GSA & Associates LLP and K G R S & Co as joint statutory auditors for the financial year 2026-27. The Comptroller and Auditor General of India (C&AG) issued the appointment order on September 9, 2026.
The company disclosed the appointments in a communication to stock exchanges on September 17, 2026, pursuant to Regulation 30 and Regulation 51(2) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filings were made under Section 139 of the Companies Act, 2013.
Auditor Profiles
GSA & Associates LLP, founded in 1975, is led by Dr CA Amarjit Chopra, former president of the Institute of Chartered Accountants of India. The firm employs over 180 professionals and serves public sector undertakings, banks, and infrastructure companies. It is empanelled with the C&AG, Reserve Bank of India, and Indian Banks’ Association.
K G R S & Co, established in 1988, offers audit, tax, and corporate advisory services. The firm holds offices in Delhi, Jammu, and Gurugram, with a pan-India presence through associate networks. Its clientele includes multinational corporations and financial institutions.
Regulatory Compliance
The disclosures align with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. Vijay Babulal Shirode, Company Secretary and Compliance Officer of IRFC, certified the filing. No relationships between directors and the appointed auditors were disclosed.
Historical Stock Returns for IRFC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.46% | -2.56% | -9.43% | -17.76% | -38.50% | +247.85% |
How might the combined expertise of GSA & Associates LLP and K G R S & Co influence IRFC's audit rigor for its expanding infrastructure financing portfolio?
What potential impact could this auditor appointment have on IRFC's credit ratings and investor confidence in the upcoming fiscal year?
Are there any specific regulatory changes or compliance challenges expected in FY 2026-27 that necessitated the selection of these particular joint auditors?
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