SAL Automotive Limited, a Punjab-based auto component manufacturing company, has officially appointed M/s. SDM & Associates, a registered cost audit firm, as the Cost Auditor for the financial year 2025–26. The appointment, announced on July 18, 2025, complies with Regulation 30 of SEBI (LODR) Regulations, 2015, and marks an important step toward reinforcing financial transparency and regulatory compliance.

Board Approval via Circular Resolution

The company’s Board of Directors, on the recommendation of the Audit Committee, passed a circular resolution approving the appointment. This regulatory filing was submitted to BSE Limited and disclosed in the company's official communication dated July 18.

The board action comes as part of the company’s routine compliance obligations to conduct a cost audit of its operations, which include manufacturing works in Punjab, Karnataka, Uttarakhand, and Maharashtra.

About the Appointed Auditor: SDM & Associates

SDM & Associates, with Firm Registration No. 000281, is a reputable firm of Cost Accountants based in Mohali, Punjab. Established in 2011, the firm has earned credibility in the areas of:

• Cost Audits

• GST Consultancy

• Regulatory Compliance Services

The firm is headed by experienced professionals CMA G.S. Saini and CMA Anil Sharma, and is registered with the Institute of Cost Accountants of India (ICAI).

Details of the Appointment

Here is a snapshot of the appointment as disclosed under SEBI Circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023:

Implications and Importance

The cost audit appointment plays a pivotal role in ensuring that product pricing, input-output efficiency, and cost structures are maintained within regulatory frameworks. Cost audits also help stakeholders gain a clearer picture of financial efficiency across the company’s multiple plants and business units.

SAL Automotive, with manufacturing units spread across Punjab (Nabha), Karnataka (Dharwad), Uttarakhand (Rudrapur), and Maharashtra (Pune), operates in a competitive auto parts ecosystem. Hence, transparent and robust cost accounting practices offer strategic advantages and support in pricing decisions, investor confidence, and regulatory scrutiny.

Corporate Governance Highlight

This appointment also aligns with good corporate governance practices, where the company ensures transparency in financial reporting and compliance. Timely filings with the BSE and adherence to SEBI norms reflect the company’s commitment to ethical standards and stakeholder accountability.

About SAL Automotive

Registered under CIN: L45202PB1974PLC003516, SAL Automotive is engaged in the manufacture of automotive components. It serves various sectors and has long-standing industrial operations. The company’s registered office is based in SAS Nagar (Mohali), Punjab, and it operates manufacturing facilities in several Indian states.

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