Mazagon Dock appoints Sarda & Pareek as statutory auditors for FY27

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Key Highlights
  • Mazagon Dock Shipbuilders appointed M/s. Sarda & Pareek LLP as statutory auditors for FY27
  • Appointment follows a directive from the Comptroller and Auditor General of India dated September 7, 2026
  • The audit firm, established in 1983, has 12 partners and offices in Mumbai, Bharuch, and Indore
  • Disclosure made under Regulation 30 of SEBI LODR Regulations, 2015
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Mazagon Dock Shipbuilders has appointed M/s. Sarda & Pareek LLP as its statutory auditors for the financial year 2026-27. The appointment follows a letter dated September 7, 2026, from the office of the Comptroller and Auditor General of India (CAG).

The company disclosed the appointment on September 8, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Auditor Profile

M/s. Sarda & Pareek LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India. The firm holds registration number 109262W/W100673 and was established in 1983.

The firm currently operates with 12 partners and maintains offices in Mumbai (Head Office), Bharuch, and Indore. Its partners possess experience in auditing and assurance, direct and indirect tax, advisory and consultancy, and compliance and regulatory matters.

Particulars Details
Firm Name M/s. Sarda & Pareek LLP
Registration No. 109262W/W100673
Year Established 1983
Number of Partners 12
Office Locations Mumbai, Bharuch, Indore

The firm has conducted statutory and internal audits for various banks, government companies, and private companies. Lalatendu Acharya, Company Secretary and Compliance Officer, signed the disclosure.

Historical Stock Returns for Mazagon Dock Shipbuilders

1 Day5 Days1 Month6 Months1 Year5 Years
+0.50%-0.55%-1.93%-0.22%-7.65%+1,912.07%

How might the appointment of Sarda & Pareek LLP influence Mazagon Dock's compliance strategy and audit efficiency for FY 2026-27?

What are the potential implications for Mazagon Dock's stock volatility or investor sentiment following this change in statutory auditors?

Does Sarda & Pareek LLP's specific expertise in government company audits align with any upcoming regulatory changes in India's defense sector?

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Mazagon Dock appoints K.M. Ravi Kumar as independent director

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Key Highlights
  • Mazagon Dock appoints K.M. Ravi Kumar as Non-Official (Independent) Director
  • Effective date for the appointment is September 7, 2026
  • Kumar brings 38 years of experience in structural fabrication
  • Term lasts for three years or until further orders
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Mazagon Dock Shipbuilders Ltd appointed K.M. Ravi Kumar as a Non-Official (Independent) Director effective September 7, 2026.

The Government of India undertaking disclosed the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kumar, who holds DIN-07478061, joins the board for a term of three years or until further orders, whichever is earlier.

Profile and Expertise

Kumar brings 38 years of experience in structural fabrication to the board. He holds a B.E. in Mechanical Engineering from R V College of Engineering in Bengaluru. His background focuses on manufacturing materials using mild steel, with expertise in end-to-end operations from fabrication planning to quality assurance.

The disclosure confirmed that Kumar is not debarred from holding the office of Director by any SEBI order or statutory authority. The company stated there are no relationships between directors requiring disclosure.

Particulars Details
Appointee K.M. Ravi Kumar
Role Non-Official (Independent) Director
Effective Date September 7, 2026
Term 3 years or until further orders
Education B.E. (Mechanical), R V College of Engineering
Experience 38 years in structural fabrication

This appointment follows a previous communication from the company dated August 24, 2026. Lalatendu Acharya, Company Secretary and Compliance Officer, signed the disclosure.

Historical Stock Returns for Mazagon Dock Shipbuilders

1 Day5 Days1 Month6 Months1 Year5 Years
+0.50%-0.55%-1.93%-0.22%-7.65%+1,912.07%

How might K.M. Ravi Kumar's 38 years of structural fabrication expertise influence Mazagon Dock's upcoming naval vessel construction timelines and quality assurance protocols?

What impact could this board appointment have on Mazagon Dock Shipbuilders' stock valuation and investor confidence in the defense sector?

Are there specific strategic initiatives or modernization projects at Mazagon Dock that align with Kumar's background in mild steel manufacturing and end-to-end operations?

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