Sunteck Realty Limited: New Cost Auditors Appointed

Date: April 21, 2026
Board Meeting: 18:00 – 18:45 hrs

Key Highlights

• Appointment: M/s. Kejriwal & Associates appointed as Cost Auditors.
• Effective Date: April 1, 2026.
• Term: 12 months.
• Board Approval: Confirmed in the board meeting held on the same day as the announcement.
• Profile of Auditor: A proprietorship firm led by a Fellow Member of the Institute of Cost Accountants of India (ICAI) with 30+ years of experience in GST, Excise, Service Tax, Customs, and Cost Audit.

Financial Implications

• No direct impact on revenue, profit margins, or cash flows.
• Potential indirect benefit through improved cost audit quality, reducing the risk of regulatory penalties or restatements.

Strategic Significance

• Demonstrates Sunteck’s commitment to robust compliance and governance.
• Aligns with best practices for listed entities to maintain transparent cost reporting.

Regulatory & Compliance Impact

• The appointment satisfies statutory requirements for cost audit under the Companies Act.
• Enhances the credibility of cost disclosures in financial statements.

Risks & Opportunities

• Risks: Minimal; primarily operational risk if the auditor fails to meet expectations, which is unlikely given their credentials.
• Opportunities: Stronger audit oversight may uncover cost efficiencies, contributing to better margin management in future periods.

Outlook

• Short‑term: No material change to the company’s financial outlook.
• Medium‑term: Improved audit processes could support smoother regulatory filings and bolster investor confidence.

Investors should continue to monitor Sunteck’s quarterly results and audit reports for any material adjustments arising from the new cost audit engagement.