CMI Limited — Others, 05-04-2025: Change in Auditors

CMI Limited has announced a board meeting focused on the appointment of M/s. Rahul Anand & Associates as Cost Auditors for the financial years ending March 31, 2024, 2025, and 2026. This appointment follows the recent approval by the National Company Law Tribunal for the company's Corporate Insolvency Resolution Process. The engagement aims to conduct a structured Cost Audit, providing detailed documentation and valuable insights into the company's processes.

This strategic move may enhance operational transparency as CMI navigates its insolvency proceedings. Investors might view this as a step towards improved governance and fiscal discipline, potentially fostering a positive outlook amid ongoing restructuring efforts.