Vidya Wires appoints J. B. Mistry & Co. as Cost Auditor for FY27
Vidya Wires Limited appointed M/s. J. B. Mistry & Co. as Cost Auditor for FY27, effective August 11, 2026. The Board approved the move per Audit Committee recommendations, ensuring compliance with Section 148 of the Companies Act, 2013. The firm, led by Mr. Jagadishchandra Babulal Mistri, brings extensive experience in cost audit and insolvency professional services.

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Vidya Wires Limited has appointed M/s. J. B. Mistry & Co. as its Cost Auditor for the financial year 2026-27 (FY27). The Board of Directors approved the appointment on August 11, 2026, acting on the recommendation of the Audit Committee. The firm will hold office from April 1, 2026, to March 31, 2027, to undertake the statutory cost audit of the company’s operations.
The appointment was disclosed to the Bombay Stock Exchange and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The engagement is mandated under Section 148 of the Companies Act, 2013, and the Companies (Cost Records and Audit) Rules, 2014.
Auditor Profile
M/s. J. B. Mistry & Co. is a proprietary firm of Practising Cost Accountants holding Firm Registration No. 101067 and Membership No. 6149. The firm provides cost audit services, cost record compliance including XBRL filings with the Ministry of Corporate Affairs, costing systems, budgeting, and management consultancy. Its client base includes both public sector undertakings and private sector entities.
The firm is led by Mr. Jagadishchandra Babulal Mistri, a Fellow Member of the Institute of Cost Accountants of India. He possesses over five decades of experience in techno-commercial and financial roles. Additionally, he is registered as an Insolvency Professional with the Insolvency and Bankruptcy Board of India (IBBI) and as a Registered Valuer for Plant & Machinery with the Income Tax Department. The firm’s service scope extends to GST audit advisory, asset impairment assessments under Ind AS, and valuation services under the Insolvency and Bankruptcy Code, 2016.
Appointment Details
| Particulars | Details |
|---|---|
| Auditor Name | M/s. J. B. Mistry & Co., Cost Accountants |
| Registration No. | Firm Registration No.: 101067; Membership No. 6149 |
| Effective Date | August 11, 2026 |
| Term Period | April 1, 2026 to March 31, 2027 |
| Regulatory Basis | Section 148, Companies Act, 2013 |
No relationships between the directors and the appointed auditor were disclosed in the filing. The appointment ensures regulatory compliance for Vidya Wires’ manufacturing operations, specifically regarding insulated copper conductors produced at its facilities in Vallabh Vidyanagar, Gujarat.
Historical Stock Returns for Vidya Wires
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.22% | +4.78% | +0.65% | +100.64% | +83.73% | +83.73% |
How might the appointment of a cost auditor with insolvency and valuation expertise signal Vidya Wires' strategic focus on asset optimization or potential restructuring?
What impact could the upcoming statutory cost audit have on Vidya Wires' reported margins for insulated copper conductors in FY27?
Does the selection of a firm with extensive public sector experience suggest Vidya Wires is preparing for new government tenders or compliance-heavy contracts?


































