Smartlink Holdings appoints Shaunak Desai as Cost Auditor

What Smartlink Holdings announced

On 19 June 2026, the Board of Directors of Smartlink Holdings Ltd convened and, based on the recommendation of its Audit Committee, approved the appointment of Mr. Shaunak Desai (ACMA 44386) as the Cost Auditor of the company. The decision was recorded in a filing with the Bombay Stock Exchange (BSE) and is effective immediately unless otherwise stipulated in the appointment letter.

"The Board, acting on the Audit Committee's recommendation, has appointed Mr. Shaunak Desai as Cost Auditor."

Details of the appointment

• Appointee: Mr. Shaunak Desai
• Qualification: Cost Accountant, Associate Cost and Management Accountant (ACMA) registration No. 44386
• Position: Cost Auditor of Smartlink Holdings Ltd
• Effective date: 19 June 2026 (date of board approval)
• Recommendation source: Audit Committee of the Board

The filing does not provide further specifics such as the tenure of the appointment, remuneration, or any performance-linked clauses.

Board and Audit Committee recommendation

The Board’s resolution explicitly states that the appointment was made "based on the recommendation of the Audit Committee". This reflects the standard corporate governance practice where the Audit Committee, responsible for overseeing financial reporting and internal controls, vets and recommends qualified professionals for audit-related roles. The Board’s approval formalises the recommendation and confers the authority for Mr. Desai to act as Cost Auditor.

Key facts at a glance

Why this matters for investors

The Cost Auditor plays a crucial role in verifying that the company’s cost accounting records are accurate and comply with applicable statutes, such as the Companies Act, 2013. By appointing a qualified professional, Smartlink Holdings signals its commitment to robust cost audit practices, which can enhance the reliability of financial statements and support internal cost control mechanisms. While the appointment does not directly affect share capital or dividend policy, it may improve the quality of cost disclosures, thereby providing clearer insight into the company’s operational efficiency.

Conclusion

Smartlink Holdings Ltd has formally appointed Shaunak Desai, a certified Cost Accountant, as its Cost Auditor following the Audit Committee’s recommendation. The appointment is effective from the board meeting date of 19 June 2026. No further details on remuneration or contract length were disclosed, and the filing does not indicate any immediate financial impact on shareholders.