Oil India cost auditor appointment was approved by the company’s Board of Directors on August 7, 2026, the Maharatna public sector enterprise said in a filing submitted to BSE. The Board appointed Shome & Banerjee, Cost Accountants, as the company’s cost auditor for the financial year 2026-27.

The firm carries registration number 000001, according to the brief profile attached to the exchange disclosure. Oil India informed the exchanges about the appointment as part of the outcome of its Board meeting held on Friday.

The meeting began at 3 pm and concluded at 6:25 pm. Oil India’s shares are listed on BSE under scrip code 533106 and on the National Stock Exchange under the symbol OIL. The disclosure provides investors with the Board-approved appointment and the professional profile of the selected audit firm.

Profile of Shome & Banerjee

Shome & Banerjee is a partnership firm formed on August 8, 1968. It has offices in Kolkata, Delhi and Mumbai and operates with seven partners, as stated in the profile filed by Oil India.

The firm’s listed service areas include:

  • Cost audit
  • Management consultancy
  • Assurance services
  • Taxation
  • Other related areas

The appointment covers the financial year 2026-27. The filing did not disclose the auditor’s remuneration or any additional terms attached to the engagement.

Cost auditors examine prescribed cost records and related information maintained by a company under applicable requirements. Oil India’s disclosure identifies the appointed firm and its credentials, giving shareholders a clear record of the Board’s decision for the current financial year.

Board also considers quarterly financial results

At the same meeting, Oil India’s Board considered and approved the unaudited financial results for the quarter ended June 30, 2026, on standalone and consolidated bases, together with the auditors’ limited review reports.

The cost auditor appointment formed part of the business items disclosed in the Board meeting outcome. Oil India Limited is a Maharatna central public sector enterprise under the Government of India. Its registered office is in Duliajan, Dibrugarh district, Assam, while its corporate office is in Noida, Uttar Pradesh.