Rail Vikas Nigam appoints Gandhi Minocha as statutory auditor for FY27
- Rail Vikas Nigam appointed M/s. Gandhi Minocha & Co. as statutory auditor for FY27
- The CAG made the appointment effective September 8, 2026, for a one-year term
- The filing was issued on September 9, 2026, under SEBI Regulation 30
- Gandhi Minocha & Co. audits several major PSUs including Gail and PFC
*this image is generated using AI for illustrative purposes only.
Rail Vikas Nigam appointed M/s. Gandhi Minocha & Co. as its statutory auditor for the financial year 2026-27. The Comptroller and Auditor General of India (CAG) made the appointment effective September 8, 2026, for a one-year term.
The company disclosed the appointment in a filing dated September 9, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The engagement falls under Section 139 of the Companies Act, 2013.
Auditor Profile
Gandhi Minocha & Co., established in 1975, is empaneled with the CAG for auditing public sector undertakings (PSUs) and entities with substantial public interest. The firm currently serves as statutory auditor for several major PSUs, including:
- Gail (India) Ltd.
- Power Finance Corporation Ltd.
- Bharat Heavy Electricals Ltd.
- State Bank Cards Payments & Services Pvt. Ltd.
- Mahanagar Telephone Nigam Limited
- Bharat Sanchar Nigam Limited
- NHPC and NSIC
The firm also conducts statutory, internal, concurrent, and revenue audits for various banks and has served as statutory central auditor for nationalized banks. Additionally, it handles audits for World Bank-aided societies, engineering colleges, educational institutions, state corporations, and other companies.
Historical Stock Returns for Rail Vikas Nigam
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.24% | -0.66% | -11.30% | -27.62% | -37.69% | +567.74% |
How might the appointment of Gandhi Minocha & Co., with its extensive PSU audit experience, influence Rail Vikas Nigam's compliance standards and governance transparency?
Are there any pending regulatory observations or financial irregularities from previous audits that this new engagement aims to address for the 2026-27 fiscal year?
Given the firm's current workload with major PSUs like GAIL and PFC, how will resource allocation be managed to ensure timely audit completion for Rail Vikas Nigam?
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