walchandnagar industries has appointed M/s. S. R. Bhargave & Co. as its Cost Auditor for the financial year 2026-2027. The Board of Directors approved the appointment during its meeting held on May 20, 2026, following the recommendation of the Audit Committee. This decision is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

The firm, M/s. S. R. Bhargave & Co., Cost Accountants based in Pune, has been tasked with auditing the company's cost accounting records. The appointment covers the upcoming financial year, ensuring compliance with regulatory requirements regarding cost audits.

Auditor Profile

M/s. S. R. Bhargave & Co. is a firm of Cost Accountants with more than 10 professionals. The firm provides solutions in indirect taxes, consultancy for cost reduction, maintenance of cost records, and cost audit services. With a practice spanning more than 20 years, the firm serves a diverse client base including corporate entities, multinational corporations, public sector undertakings, and public and private limited companies across various sectors.

Disclosures

The company has confirmed that M/s. S. R. Bhargave & Co. holds no relationship with any of the directors of Walchandnagar Industries Ltd. This disclosure ensures transparency and adherence to corporate governance standards.

Walchandnagar Industries Ltd has granted 5,000 stock options to an eligible employee under its WIL - Employees Stock Option Plan 2020 (ESOP - 2020). The approval was granted by the company's Nomination & Remuneration Committee during a meeting held on May 20, 2026. The options are convertible into 5,000 equity shares, each with a face value of Rs 2.

ESOP Details

The company stated that the ESOP-2020 scheme is compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The scheme was originally approved by shareholders on August 14, 2020. Fresh equity shares will be issued by the company upon the exercise of the vested options.

Pricing and Vesting

The exercise price for the options has been fixed at Rs 2 per option. The vesting of these options is contingent upon the employee remaining in continued employment with the company and fulfilling specific performance parameters.

Vesting Schedule

The 5,000 options will vest in a phased manner over a period of five years from the grant date. The options must be exercised within three years from the date of their respective vesting dates.

The total number of shares covered by these options amounts to 5,000 equity shares of Rs 2 each. Each stock option carries the right to apply for and be allotted one equity share.