Board approves and recommends Price Waterhouse as statutory auditor; also secretarial auditor and AoA alteration
Price Waterhouse Chartered Accountants LLP as statutory auditor for 5 consecutive years (F.Y.
By ScoutQuest · · 2 min read
- Statutory auditor term
- Price Waterhouse Chartered Accountants LLP for 5 consecutive years (F.Y. 2026-27 to 2030-31)
- Secretarial auditor term
- CS Naresh Verma for five consecutive years (F.Y. 2026-27 to 2030-31)
- 19th AGM date
- proposed on or before December 31, 2026
Board decisions taken on October 26, 2026
AceVector's board met on Monday, October 26, 2026, and approved three items, each of which is being recommended to shareholders for approval.
Statutory auditor change
- The existing statutory auditor, S.R. Batliboi & Associates LLP, Chartered Accountants, completes its current term at the conclusion of the 19th AGM, proposed to be held on or before December 31, 2026.
- On the Audit Committee's recommendation, the board approved and recommended M/s. Price Waterhouse Chartered Accountants LLP, Chartered Accountants (FRN 012754N/N500016).
- Term: 5 consecutive years, from F.Y. 2026-27 till 2030-31, running from the conclusion of the 19th AGM to the conclusion of the 24th AGM.
- Firm profile: established in 1991, converted into an LLP in 2014, registered office in New Delhi, nine branch offices, a member firm of Price Waterhouse & Affiliates, and more than 110 Assurance Partners as of April 1, 2025.
Secretarial auditor
- CS Naresh Verma (FCS 5403, CP No. 4424), sole proprietor of M/s Naresh Verma & Associates (Peer Review Certificate no. 3266/2023).
- First term of five consecutive years, F.Y. 2026-27 to 2030-31; date of appointment October 26, 2026, subject to shareholder approval at the ensuing AGM.
- Profile: Fellow Member of ICSI and an insolvency professional with over 25 years of experience in corporate laws, restructuring and corporate advisory; a law graduate from Delhi University.
Articles of Association
- The amendment involves deletion of Part B of the Articles of Association, which the company links to the listing of its equity shares on the stock exchanges.
- Certain additions/deletions were carried out in Part A of the Articles.
- Subject to shareholder approval and receipt of such regulatory/statutory approvals as may be required under applicable laws.
What it means for retail investors
- The auditor transition is a periodic event; the incoming firm is proposed for a full five-year term, which gives continuity.
- All three items are board-level approvals and recommendations; shareholder approval at the ensuing AGM is still required.
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Board approves Price Waterhouse as Statutory Auditors for 5 years; CS Naresh Verma as Secretarial Auditor
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Board approves Price Waterhouse as statutory auditor, Naresh Verma as secretarial auditor
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More numbers
- Statutory auditor term5 consecutive years
- Secretarial auditor termfive consecutive financial years
- Price Waterhouse branch officesnine (9) branch offices
- Price Waterhouse Assurance Partnersmore than 110 Assurance Partners
- CS Naresh Verma experienceover 25 years of experience
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