Mahindra Lifespace Appoints CMA Vaibhav Prabhakar Joshi as Cost Auditor for FY 2026-27

Board Approves Cost Auditor for FY 2026-27

Mahindra Lifespace Developers Ltd appointed CMA Vaibhav Prabhakar Joshi as its Cost Auditor for Financial Year 2026-27. The Board approved the appointment on July 23, 2026, based on the Audit Committee's recommendation.

About the Appointment

CMA Vaibhav Prabhakar Joshi is a Practicing Cost Accountant with Membership No. 15797 and Firm Registration No. 101329. The decision ensures compliance with the cost audit requirements for the upcoming fiscal year.

The appointment was formalized during a Board meeting that commenced at 11:30 am and concluded at 2:20 pm IST.

Wider Governance Actions

The July 23 Board meeting also approved several related corporate actions. The Board approved the allotment of 31,000 equity shares under the Employee Stock Options Scheme 2012. The Board approved the incorporation of Mahindra Sanctum Developers Limited as a public limited subsidiary.

On the audit front, M/s. Mahajan & Aibara LLP ceased as Internal Auditor effective July 23, 2026. Mr. Vimal Agarwal, Group Chief Internal Auditor of Mahindra & Mahindra Limited, was appointed as the new Internal Auditor.

Company Background

Established in 1994, Mahindra Lifespace Developers Ltd. brings the Mahindra Group's philosophy of 'Rise' to India's real estate and infrastructure industry through thriving residential communities and enabling business ecosystems. The company's development footprint spans 53.65 million sq. ft. (saleable area) of completed, ongoing and forthcoming residential projects across seven Indian cities; and over 5000 acres of ongoing and forthcoming projects under development / management at its integrated developments / industrial clusters across four locations.