Vraj Iron and Steel Limited Appoints Cost and Internal Auditors for FY 2026-27
Vraj Iron and Steel Limited, formerly known as VRAJ IRON AND STEEL pVT. LTD. & PHIL ISPAT PRIVATE LIMITED, announced that its Board of Directors conducted a meeting on May 14, 2026. During this session, the Board considered and approved key appointments for the financial year 2026-27.The meeting resulted in the appointment of two firms to undertake crucial auditing roles for the company.
The Board approved the appointment of M/s. Sanat Joshi & Associates as the Cost Auditors for the financial year 2026-27. Additionally, IWs. Amit Kumar Agrawal & Co. was appointed as the Internal Auditors for the same financial year.
Appointment Details
The company provided detailed profiles of the newly appointed auditors, including the purpose and background of each firm, as summarized below:| Particular | Cost Auditor (M/s. Sanat Joshi & Associates) | Internal Auditor (IWs. Amit Kumar Agrawal & Co.) |
|---|---|---|
| Reason for Appointment | Appointment of Cost Accountant as Cost Auditor pursuant to Section 148 of the Companies Act, 2013. | Appointment of Internal Auditor pursuant to Section 138 of the Companies Act, 2013. |
| Date of Appointment | May 14, 2026 (For F.Y. 2026-27). | May 14, 2026 (For F.Y. 2026-27). |
| Profile Summary | M/s. Sanat Joshi & Associates (ICMAI Firm Registration No. 000506) has been in practice for more than 10 years. Founder Partner CMA Sanat Joshi possesses over 20 years of experience providing solutions in Indirect Taxes, Cost Reduction consultancy, and Cost Audit. | M/s. Amit Kumar Agrawal & Co. (Firm Registration No. 024556C) has 15 years of experience in internal audits, statutory audits, taxation, GST, and compliance advisory services. The firm undertakes internal audit assignments encompassing process and system reviews, internal control evaluation, statutory compliance verification, and risk-based reporting. |
Financial Results Consideration Deferred
Regarding the financial performance, the Board noted that the audited financial results for the quarter and financial year ended March 31, 2026, were still undergoing processing. As the required audit report had not been made available by the auditor, the matter concerning the consideration and approval of the audited financial results was deferred. This item will be reviewed and considered at the next meeting of the Board of Directors.VRAJ Stock Price Movement
Vraj Iron and Steel Limited shares today slipped by 1.22% to settle at ₹127.20. The stock recorded a total traded volume of 11,359 shares for the session.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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