Modison re-appoints Cost Auditor for FY 2027
Modison Limited has re-appointed M/s. N. Ritesh & Associates as its Cost Auditor for the financial year ending March 31, 2027, following a Board meeting on May 22, 2026. The firm, established in 2008, holds extensive experience across various sectors including Rubber, Textile, and Chemicals.
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Modison Limited has re-appointed M/s. N. Ritesh & Associates as the Cost Auditor for the financial year ending March 31, 2027. The decision was approved by the Board of Directors during its meeting held on May 22, 2026, on the recommendation of the Audit Committee.
The re-appointment follows the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The firm, registered as Cost Accountants with Firm Registration No. 100675, will continue to serve the company in this capacity.
Details of the Appointment
The board meeting, which commenced at 3.30 p.m. and concluded at 5.00 p.m., sanctioned the re-appointment. M/s. N. Ritesh & Associates was originally established in 2008 and brings significant experience in cost audit across diverse sectors.
Auditor Profile
The firm's expertise spans multiple industries, including Rubber, Textile, Chemicals, Electricity, and Petrochemicals. Other sectors of experience include cements, soda, Tyre, Electronic motors, Bulk Drugs, and Engineering. The firm also has experience auditing Food Products, Polyester, Rayon Paper, Dyes, Glass, Cables, Steel Plants, Fertilisers, and Industrial Gases.
| Particulars | Details |
|---|---|
| Reason for Change | Re-appointment of M/s. N. Ritesh & Associates, Cost Accountants (FRN: 100675) |
| Date of Appointment | May 22, 2026 |
| Term | Financial year ending March 31, 2027 |
| Firm Establishment | 2008 |
Historical Stock Returns for Modison
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +20.00% | +50.37% | +74.18% | +77.67% | +70.43% | +328.18% |
How might Modison Limited's cost audit findings for FY2027 influence its pricing strategy and profit margins in key product segments?
Could the continuity of the same cost auditor signal potential operational or cost structure changes that Modison Limited is planning to implement in FY2027?
How does Modison Limited's cost audit compliance compare to industry peers, and could this affect investor confidence or institutional interest in the stock?
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