UTL Industries appoints auditor for 5-year term

0 min read Updated on 25 May 2026, 06:15 PM

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Anirudha BScanX News Team

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UTL Industries Limited has appointed M/s. V.J. Amin & Co. as Statutory Auditors for a five-year term, subject to member approval at the upcoming 37th Annual General Meeting. The appointment is effective from the conclusion of the 37th AGM until the conclusion of the 42nd AGM in 2031.

*this image is generated using AI for illustrative purposes only.

UTL Industries Limited has announced the appointment of M/s. V.J. Amin & Co., Chartered Accountants, as its Statutory Auditors. The appointment, subject to shareholder approval at the forthcoming 37th Annual General Meeting, is for a first term of five consecutive years. The tenure will be effective from the conclusion of the 37th AGM until the conclusion of the 42nd AGM to be held in the year 2031.

The Audit Committee and the Board of Directors approved the appointment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. V.J. Amin & Co. holds a Firm Registration No. 100335W and is registered with the Institute of Chartered Accountants of India (ICAI). The firm is a multi-disciplinary organization providing professional services to domestic and multinational corporations across various sectors.

Detail	Information
Name of Auditor	M/s. V.J. AMIN & CO., Chartered Accountant
Firm Registration No.	100335W
Term of Appointment	5 years (from 37th AGM to 42nd AGM)
Year of 42nd AGM	2031
Relationship with Directors	Not Applicable

Historical Stock Returns for UTL Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.12%	-3.83%	-35.53%	-39.93%	-86.51%

How might the transition to M/s. V.J. Amin & Co. impact UTL Industries' financial reporting standards and transparency compared to their previous auditor?

What potential changes in audit findings or financial disclosures could shareholders anticipate following this new auditing firm's first review of UTL Industries' books?

How does the appointment of a multi-disciplinary audit firm like V.J. Amin & Co. align with UTL Industries' broader corporate governance improvement strategy?

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UTL Industries Exempt From RPT Disclosure For Q4FY26

1 min read Updated on 25 May 2026, 05:30 PM

Reviewed by

Ashish TScanX News Team

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UTL Industries Limited is exempt from related party transaction disclosures for Q4FY26 as its paid-up capital and net worth are below the regulatory limits of ₹10 crore and ₹25 crore respectively.

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UTL Industries Limited has communicated to BSE Limited that it is exempt from submitting related party transactions disclosures for the quarter ended March 31, 2026. The company stated that its financial parameters fall below the limits required to comply with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's paid-up capital is recorded at ₹329.55 lakhs, which is less than ₹10 crore. Additionally, the net worth stands at ₹410.13 lakhs, remaining below the ₹25 crore threshold as of the last day of the previous financial year, March 31, 2025. These figures position the company within the limits specified under regulation 15(2) of the SEBI (LODR) Regulations, 2015.

Consequently, UTL Industries is not required to adhere to the corporate governance provisions outlined in several regulations, including 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27, and specific clauses of regulation 46 for the period ended March 31, 2026.

Financial Parameters

The following table details the company's capital and net worth figures as of March 31, 2025, which justify the exemption:

Metric	Amount
Paid-up Capital	₹329.55 lakhs
Net Worth	₹410.13 lakhs

The disclosure was formally submitted by Paras Narendrakumar Jain, Managing Director of UTL Industries Limited, on May 25, 2026.

Historical Stock Returns for UTL Industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-1.12%	-3.83%	-35.53%	-39.93%	-86.51%

If UTL Industries' net worth or paid-up capital crosses the ₹25 crore or ₹10 crore thresholds respectively in future financial years, how prepared is the company to comply with the full suite of SEBI LODR corporate governance regulations?

Given UTL Industries' relatively small capital base, what growth strategies or fundraising plans might the company pursue that could eventually bring it under stricter SEBI disclosure requirements?

How does the absence of mandatory related party transaction disclosures impact minority shareholder confidence and institutional investor interest in small-cap companies like UTL Industries?