Railtel appoints statutory auditors for FY27 across regions
- Railtel appoints four CA firms as statutory auditors for FY27
- Appointments made via C&AG letter dated September 9, 2026
- Lunawat & Co. handles consolidation and northern region audits
- Regional audits covered by firms in Mumbai, Kolkata, and Hyderabad
- Disclosures filed with NSE and BSE under SEBI Regulation 30
*this image is generated using AI for illustrative purposes only.
Railtel Corporation of India has appointed four chartered accountant firms as statutory auditors for the financial year 2026-27. The appointments were made pursuant to a letter from the Comptroller & Auditor General of India (C&AG) dated September 9, 2026.
The C&AG issued Letter No. CA. V/ COY/CENTRAL GOVERNMENT,RAILTL(4)/1018 to formalize the engagements under Section 139 of the Companies Act, 2013. The firm also notified the National Stock Exchange of India Limited and BSE Limited in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Auditor Appointments by Region
The company assigned specific firms to handle audits for different geographical regions and consolidation duties. The appointments are detailed below:
| Region | Firm Name |
|---|---|
| Consolidation, Corporate Office & Northern Region | M/s. Lunawat & Co. |
| Western Region | M/s. S C Ajmera & Co. |
| Eastern Region | M/s. S Poddar & Co. |
| Southern Region | M/s. MSPR & Co. |
Lunawat & Co., based in New Delhi, will handle consolidation along with the corporate office and northern region audits. S C Ajmera & Co., located in Mumbai, is responsible for the western region. S Poddar & Co., based in Kolkata, covers the eastern region, while MSPR & Co., headquartered in Hyderabad, will audit the southern region.
The company stated that the profiles of the statutory auditors will be shared separately. Jasmeet Singh Marwah, Company Secretary and Compliance Officer of Railtel, signed the disclosure letter on behalf of the management.
Historical Stock Returns for Railtel Corporation of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.94% | -5.07% | -8.58% | -9.32% | -23.75% | +100.76% |
How might the regional specialization of these audit firms impact the consistency and speed of Railtel's consolidated financial reporting?
Are there any potential conflicts of interest or prior engagement histories between these newly appointed firms and Railtel that could affect auditor independence?
What does the selection of these specific mid-sized CA firms suggest about Railtel's strategy for cost management versus big-four assurance quality?
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