Mahalaxmi Fabric Mills re-appoints auditors for FY27
Mahalaxmi Fabric Mills has re-appointed M/s. D. Trivedi & Associates as Internal Auditor and M/s. Bhanwar Jain & Co. as Tax Auditor for the financial year 2026-27. The Board approved these appointments on May 27, 2026, effective from May 26, 2025, under relevant statutory sections.
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mahalaxmi fabric mills has re-appointed its internal and tax auditors for the financial year 2026-27. The Board of Directors approved the appointments during its meeting held on May 27, 2026, pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015.
M/s. D. Trivedi & Associates, a firm of practicing chartered accountants with Firm Registration No. 0128309W, was re-appointed as the Internal Auditor. The appointment is effective from May 26, 2025, and follows Section 138 of the Companies Act, 2013. The firm brings over 30 years of experience in taxation, accounts, and audit.
The company also re-appointed M/s. Bhanwar Jain & Co. as the Tax Auditor for the financial year 2026-27 (Assessment Year). This firm, registered with the Institute of Chartered Accountants of India under Registration No. 117340W, has been in practice since 1998. The appointment is pursuant to Section 44AB of the Income Tax Act, 1961, and is effective from May 26, 2025.
The remuneration and terms for both auditor appointments will be mutually agreed upon between the Board and the respective firms. The disclosures regarding these appointments were submitted to the BSE Limited and the National Stock Exchange of India Limited.
Auditor Appointment Details
| Auditor Firm | Role | Firm Registration No. | Effective Date | Governing Section |
|---|---|---|---|---|
| M/s. D. Trivedi & Associates | Internal Auditor | 0128309W | May 26, 2025 | Section 138 of the Companies Act, 2013 |
| M/s. Bhanwar Jain & Co. | Tax Auditor | 117340W | May 26, 2025 | Section 44AB of the Income Tax Act, 1961 |
Historical Stock Returns for Mahalaxmi Fabric Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.43% | -4.08% | -6.78% | -5.58% | -26.33% | -79.04% |
How might the re-appointment of the same auditors impact the company's internal control environment and tax compliance strategies for FY 2026-27?
What factors influenced the Board's decision to retain the incumbent auditors rather than inviting competitive bids for the new financial year?
Could the continuity in audit leadership signal a stable financial outlook, or does it suggest a lack of fresh perspective in risk management?
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