NewsNational Standard (India) Limited Appoints Walker Chandiok & Co., LLP as New Statutory AuditorNational Standard (India) Limited Appoints Walker Chandiok & Co., LLP as New Statutory Auditor
National Standard (India) Limited's board approved the appointment of Walker Chandiok & Co., LLP as statutory auditor for a five-year term from FY 2026-27, replacing MSKA & Associates LLP whose second term concludes at the 63rd AGM. The established audit firm, founded in 1935 with eighty-six partners and offices across major Indian cities, will serve subject to shareholder approval at the upcoming Annual General Meeting.
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National Standard (India) Limited has announced the appointment of M/s Walker Chandiok & Co., LLP as its new statutory auditor, marking a significant transition in the company's audit arrangements. The board of directors approved this decision on April 17, 2026, following recommendations from the audit committee.
Auditor Transition Details
The current statutory auditors, M/s MSKA & Associates LLP, will complete their second consecutive five-year term and retire at the forthcoming 63rd Annual General Meeting. The new appointment represents a structured transition as per regulatory requirements for auditor rotation.
| Parameter: | Details |
|---|---|
| New Auditor: | M/s Walker Chandiok & Co., LLP |
| Firm Registration No.: | 001076N/N500013 |
| Term Duration: | 5 consecutive years |
| Effective Period: | FY 2026-27 (63rd AGM to 67th AGM) |
| Approval Required: | Shareholders at ensuing AGM |
About Walker Chandiok & Co., LLP
Walker Chandiok & Co., LLP brings substantial credentials to the appointment. The firm was established in 1935 and maintains its registered office in New Delhi with eighteen other offices across major Indian cities. Key highlights of the firm include:
- Registration with Institute of Chartered Accountants of India (ICAI)
- Registration with Public Company Accounting Oversight Board (PCAOB)
- Empanelment with Comptroller and Auditor General of India (CAG)
- Eighty-six partners across its network
- Valid peer review certificate
- Recognized as one of India's leading audit firms
- Provides services to several large companies including top one hundred listed entities in India
Board Meeting and Regulatory Compliance
The board meeting was conducted on April 17, 2026, commencing at 17:30 p.m. IST and concluding at 18:00 p.m. IST. The appointment was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Meeting Details: | Information |
|---|---|
| Date: | April 17, 2026 |
| Start Time: | 17:30 p.m. IST |
| End Time: | 18:00 p.m. IST |
| Regulatory Framework: | SEBI Listing Regulations |
Next Steps
The appointment remains subject to shareholder approval at the upcoming Annual General Meeting. Once approved, Walker Chandiok & Co., LLP will assume statutory audit responsibilities for National Standard (India) Limited, ensuring continuity in the company's audit and assurance processes. The company has confirmed that all relevant information has been uploaded on its website at www.nsil.net.in for stakeholder reference.
Historical Stock Returns for National Standard
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -9.21% | -21.53% | -23.49% | -23.49% | -23.49% | -23.49% |
What factors led National Standard to select Walker Chandiok over other potential audit firms during the mandatory rotation process?
How might the transition to a larger, more established audit firm impact National Standard's audit fees and overall compliance costs?
Will Walker Chandiok's extensive experience with top 100 listed entities bring enhanced scrutiny or different audit methodologies to National Standard's operations?
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