CFF Fluid Control Ltd Board Approves Five-Year Reappointment of Statutory Auditor and Increases Borrowing Limit
CFF Fluid Control Ltd's Board of Directors held a meeting on July 14, 2026, during which several key corporate decisions were made, including the re-appointment of the company’s statutory auditor for a five-year period and approval for an increased borrowing limit.The Board considered the migration of the company from the SME platform of BSE to the Main Board of both BSE Limited and NSE Limited, subject to shareholder approval. Furthermore, the directors reviewed the draft notice for the 14th Annual General Meeting and approved the draft Board Report and Management Discussion and Analysis Report for the Financial Year (F.Y.) 2025-26.
Auditor Reappointment Details
Based on the recommendation of the Audit Committee, M/S V. N. Purohit & Co., Chartered Accountants (Firm Registration No. 304040E) was re-appointed as the Statutory Auditor for a second term. This appointment is set to commence from the conclusion of the 14th Annual General Meeting until the conclusion of the 19th Annual General Meeting, scheduled in calendar year 2031.Details regarding the appointed auditor are summarized below:
| Particular | Detail |
|---|---|
| Firm Registration No. | 304040E |
| Term of Appointment | Five Years |
| Effective Period | From conclusion of 14th AGM till conclusion of 19th AGM (Calendar Year 2031) |
| Profile Highlights | Established under the Indian Chartered Accountants Act 1949, the firm has operated since 1961. It maintains head offices in New Delhi and branch offices in Bangalore, Kolkata, Mumbai, and Burdwan. The firm specializes in areas such as taxation, financial services, corporate law, GST auditing, and business advisory. |
Borrowing Limit Increase Approved
The Board also approved an increase in the company’s borrowing limit, which is subject to shareholder approval under Section 180(1)(c) of the Companies Act, 2013. The new limits cover both fund-based borrowings and non-fund based facilities.Key details of the increased lending limits include:
- Fund-Based Borrowings: The limit is set not to exceed an amount equivalent to 50% of the aggregate of paid-up share capital, free reserves, and securities premium as per the last audited balance sheet, which remains subject to updates.
- Non-Fund Based Facilities: The maximum outstanding limit for non-fund based facilities, including bank guarantees, letters of credit, and performance guarantees, is ₹1,000 crore (Rupees One Thousand Crore only).
This approval comes as the company moves forward with its operations and strategic objectives while awaiting necessary shareholder endorsements.
Stock Price Movement
CFF Fluid Control Ltd finished the day at ₹818.35, slipping 1.35% in session. The shares saw significant intraday movement, bouncing off a low of ₹815.20 and peaking briefly at ₹843.00 before settling.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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