Kross Limited Appoints M/s. Sohan Lal Jalan and Associate as Cost Auditor for FY 2026-27
Kross Limited's Board of Directors approved the appointment of M/s. Sohan Lal Jalan and Associate (firm registration number 000521) as Cost Auditor for FY 2026-27, effective May 12, 2026, at a remuneration of Rs. 70,000 plus applicable taxes and reimbursement of out-of-pocket expenses, subject to shareholder ratification if applicable. The Kolkata-based firm, led by CMA Mr. Sohan Lal Jalan and Mr. Suyas Jalan, holds over 40 years of experience in finance, costing, taxation, and statutory compliance. The appointment was made under Section 148 of the Companies Act, 2013, and disclosed under Regulation 30 of the SEBI Listing Regulations.
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Kross Limited , in a regulatory filing dated May 12, 2026, informed the stock exchanges that its Board of Directors approved the appointment of M/s. Sohan Lal Jalan and Associate, Cost Accountants, as the Cost Auditor of the company for FY 2026-27. The disclosure was made pursuant to Regulation 30(6) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
Appointment Details
The Board formalised the appointment at its meeting held on May 12, 2026. The appointment is governed by Section 148 of the Companies Act, 2013, read with the Companies (Cost Records and Audit) Rules, 2014. The key details of the appointment are summarised below:
| Parameter: | Details |
|---|---|
| Name of Cost Auditor: | M/s. Sohan Lal Jalan and Associate |
| Firm Registration Number: | 000521 |
| Reason for Change: | Appointment |
| Date of Appointment: | May 12, 2026 |
| Term of Appointment: | FY 2026-27 |
| Remuneration: | Rs. 70,000 plus applicable taxes and reimbursement of out-of-pocket expenses, subject to ratification by shareholders, if applicable |
| Statutory Basis: | Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Rules, 2014 |
| Relationship with Directors: | None |
Profile of the Appointed Firm
M/s. Sohan Lal Jalan and Associate is a well-established cost accountancy firm based in Kolkata, West Bengal. The firm is led by CMA Mr. Sohan Lal Jalan and Mr. Suyas Jalan, both members of the Institute of Cost Accountants of India (ICMAI-CMA). The firm brings over 40 years of work experience and specialises in the fields of Finance, Accounts, Costing, Budgeting, MIS Installation & Implementation, Taxation, and Statutory compliance across various industries of large corporate houses.
Regulatory Compliance
The intimation was submitted by Debolina Karmakar, Company Secretary and Compliance Officer (ACS 62738) of Kross Limited, to both BSE Limited and the National Stock Exchange of India Limited. Kross Limited is headquartered at M-4, VI Phase, Gamharia, Adityapur Industrial Area, Jamshedpur - 832108, India.
Historical Stock Returns for Kross
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -7.68% | -1.62% | +3.01% | +6.05% | +17.47% | -26.08% |
How might the findings from the FY 2026-27 cost audit influence Kross Limited's pricing strategy and operational efficiency improvements in its manufacturing segment?
Will shareholders ratify the cost auditor's remuneration at the upcoming AGM, and could any objections signal broader governance concerns at Kross Limited?
How does Kross Limited's cost structure compare to peers in the two-wheeler and bicycle manufacturing sector, and could the audit reveal competitive vulnerabilities?
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