Minda Corp re-appoints auditors for FY 2026-27
Minda Corporation Limited has re-appointed S. R. Batliboi & Co. LLP as statutory auditors for five years from FY 2026-27 to FY 2030-31, pending shareholder approval. The Board also re-appointed Chandra Wadhwa & Co. as Cost Auditors for FY 2026-27 and M/s MSKB & Associates for transfer pricing audit for FY 2025-26. Furthermore, Grant Thornton Bharat LLP and Protiviti India Member Private Limited were appointed as internal auditors for various divisions for FY 2026-27.
*this image is generated using AI for illustrative purposes only.
Minda Corporation announced on May 22, 2026, that its Board of Directors has approved the appointment and re-appointment of several auditors. The decisions were made following the recommendations of the company's Audit Committee.
Statutory and Cost Auditors
The Board approved the re-appointment of S. R. Batliboi & Co. LLP as statutory auditors for a five-year term. This appointment is effective from the conclusion of the 41st Annual General Meeting (AGM) until the conclusion of the 46th AGM, covering the financial years 2026-27 to 2030-31, subject to shareholder approval. Additionally, Chandra Wadhwa & Co., Cost Accountants, were re-appointed as Cost Auditors for the financial year 2026-27.
Transfer Pricing Auditor
M/s MSKB & Associates, Chartered Accountants, were re-appointed for transfer pricing audit for the financial year 2025-26. The firm will oversee related party transactions in compliance with regulatory requirements.
Internal Auditors
The company designated two firms as internal auditors for the financial year 2026-27. Grant Thornton Bharat LLP will handle audit responsibilities for specific divisions, including SSD, WHD, EME, SMAD, and DCD. Protiviti India Member Private Limited was appointed to audit the Wiring Harness Division, Component Division, Interior Plastic Division, SMIT, Aftermarket Division, and the Group Corporate Office.
Auditor Appointments Summary
| Auditor Type | Firm Name | Term / Period |
|---|---|---|
| Statutory Auditor | S. R. Batliboi & Co. LLP | FY 2026-27 to FY 2030-31 |
| Cost Auditor | Chandra Wadhwa & Co. | FY 2026-27 |
| Transfer Pricing Auditor | M/s MSKB & Associates | FY 2025-26 |
| Internal Auditor | Grant Thornton Bharat LLP | FY 2026-27 |
| Internal Auditor | Protiviti India Member Private Limited | FY 2026-27 |
Historical Stock Returns for Minda Corporation
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.04% | +13.03% | +5.55% | -3.45% | +13.75% | +420.52% |
How might S. R. Batliboi & Co. LLP's five-year statutory audit tenure influence investor confidence in Minda Corporation's financial transparency and governance standards?
Could the dual internal auditor structure with Grant Thornton and Protiviti signal plans for organizational restructuring or expansion of specific divisions at Minda Corporation?
How will Minda Corporation's transfer pricing audit outcomes for FY 2025-26 potentially impact its cross-border related party transaction strategies amid evolving Indian tax regulations?
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