Ircon International Limited — Important, 03-01-2025: General Updates

The Comptroller and Auditor General of India has approved the appointment of foreign branch auditors for fiscal year 2024-25. The appointed auditors include M/s Kerbal Athmane for Algeria, M/s Jayasinghe & Co. for Sri Lanka, M/s Toha Khan Zaman & Co. for Bangladesh, and M/s My Asia Consulting Co. Ltd. for Myanmar. Each auditor has been re-appointed or appointed based on their expertise and background in statutory audits, with terms dictated by the policies of the C&AG. This strategic step reflects IRCON’s commitment to maintaining high standards in its international operations, which could strengthen shareholder confidence and operational transparency. Investors should note this development as part of the company's broader governance framework and market credibility.