National Fertilizers has appointed M/s Dassani & Associates LLP and M/s N. K. Bhargava & Co. as its joint statutory auditors for the financial year 2026-27. The Comptroller and Auditor General of India (C&AG) made the appointments under Section 139 of the Companies Act, 2013.

The company issued a disclosure to stock exchanges on September 10, 2026, confirming the regulatory filing. The move ensures compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Profiles

Dassani & Associates LLP is a chartered accountancy firm with over 42 years of legacy. Headquartered in Madhya Pradesh, the firm maintains branches across Delhi, Maharashtra, Bihar, Uttar Pradesh, Rajasthan, Gujarat, Jharkhand, and Chhattisgarh. It is empaneled with the C&AG, Reserve Bank of India, SEBI, and various government departments.

N. K. Bhargava & Co., established in 1978, is headquartered in New Delhi with two branch offices. The firm holds a valid Peer Review certificate and serves clients across banking, insurance, telecom, and public sector undertakings.

Compliance Details

The appointment replaces previous audit arrangements for the upcoming fiscal period. National Fertilizers Limited operates as a Government of India undertaking. The corporate office is located in Noida, Uttar Pradesh.

National Fertilizers Limited received clearance from the Comptroller & Auditor General of India (C&AG) regarding its financial statements for the fiscal year ended March 31, 2026. The C&AG stated it has no further comments to offer on the standalone and consolidated accounts following revisions made by the statutory auditors.

Audit Resolution Details

The Comptroller & Auditor General conducted a supplementary audit of the company's financials under Section 143(6)(a) of the Companies Act, 2013. This process involved independent inquiries with statutory auditors and company personnel, alongside a selective examination of accounting records. The C&AG noted that the statutory auditors had issued a revised report dated July 31, 2026, which superseded their earlier report from May 27, 2026.

These revisions were made to give effect to observations raised during the supplementary audit. Consequently, the C&AG confirmed there are no additional supplements or comments required under Section 143(6)(b) for the standalone statements.

Consolidated Financial Statements

For the consolidated financial statements, the supplementary audit covered National Fertilizers Limited, Ramagundam Fertilizers and Chemicals Limited (RFCL), and Assam Valley Fertilizer and Chemical Company Limited (AVFCL). The C&AG did not conduct a supplementary audit of Urvarak Videsh Limited (UVL) for the year ended March 31, 2026.

Similar to the standalone accounts, the revised statutory auditor’s report addressed the relevant audit observations. As a result, the C&AG offered no further comments on the consolidated financial statements under Section 143(6)(b) read with Section 129(4) of the Act.

Regulatory Context

This communication serves as an addendum to the company’s 52nd Annual Report. The document was signed by Tanya Singh, Principal Director of Audit Central Expenditure (Agriculture, Food & Water Resources), and dated August 27, 2026. The addendum is available on the company’s official website.