Birla Cotsyn (India) Limited, a notable entity in the Indian textile sector, held its board meeting on August 7, 2025, during which the company took multiple strategic decisions including approval of financial results and appointment of new auditors. The board meeting commenced at 1:00 PM and concluded by 1:50 PM.

The meeting’s key outcome was the approval of unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. These financial statements, prepared in accordance with Indian Accounting Standard 34 (Ind AS 34), were reviewed by the statutory auditors and no material misstatements were reported. The Limited Review Report submitted by PSV Jain & Associates confirmed that the disclosures were in line with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The board also took several important decisions related to corporate governance and compliance:

Appointment of Statutory Auditors

The company announced the appointment of M/s. Jain Kothari & Co., Chartered Accountants (FRN: 022340C), as the statutory auditors for a tenure of five consecutive years, commencing from the conclusion of the upcoming 83rd Annual General Meeting (AGM) till the conclusion of the 88th AGM to be held in 2030.

This decision comes after the completion of the term of the existing statutory auditors, M/s. PSV Jain & Associates (FRN: 131505W). Based on the recommendation from the audit committee, this change ensures continuity and fresh oversight into the company's audit processes. M/s. Jain Kothari & Co. brings over 8 years of experience in areas like audit, assurance, taxation, valuation, and corporate advisory services. The firm operates from Udaipur and Mira Road, Mumbai.

Appointment of Internal Auditor

To strengthen internal controls and risk assessment, the board approved the appointment of M/s. Jain Ronak & Co., Chartered Accountants (FRN: 144548W), as the Internal Auditor for the financial year 2025–26. The appointment is valid till the conclusion of the AGM for the said fiscal year. Jain Ronak & Co. operates from Mira Road East, Thane, and is known for providing reliable services in Audit & Assurance, Taxation, and Accounting Advisory.

Appointment of Secretarial Auditor

For maintaining corporate governance and legal compliance, the board also appointed M/s. Vijay S. Tiwari & Associates as the Secretarial Auditor for a tenure of five years, starting from FY 2025–26 to FY 2029–30, subject to shareholder approval. The firm, led by Mr. Vijay Kumar Tiwari, is a peer-reviewed company secretary firm with membership under ACS-33084 and CP No. 12220. Mr. Tiwari holds professional qualifications in Commerce, Finance, and Law, and brings deep experience in handling Company Law, SEBI Regulations, IPO management, and litigation matters in NCLT/NCLAT.

The company's foreign subsidiary Birla Cotsyn (India) Limited FZE was also covered under the consolidated financials. The auditors confirmed that there were no qualifications or adverse remarks in the consolidated review report either.

The regulatory disclosures were made in accordance with Regulation 30 and 33 of the SEBI LODR Regulations, 2015, along with the SEBI Master Circular (SEBI/HO/CFD/PoD2/CIR/P/0155) dated November 11, 2024, which guides transparency and compliance in public disclosures by listed companies.

The financial results and auditor appointments reaffirm Birla Cotsyn’s commitment to financial integrity, corporate compliance, and transparent disclosures to its stakeholders. The company continues its roadmap of restructuring and governance enhancement as part of its long-term turnaround strategy.

This timely communication ensures that shareholders, investors, and regulatory bodies are well-informed about the decisions impacting the company’s operational and compliance framework.

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