One Statutory Central Auditor Steps Back; Limited Review by Remaining Four Auditors

Bank of Baroda informed that M/s Batliboi & Purohit expressed inability to continue the limited review for the quarter and half year ending September 30, 2026, due to regulatory capacity constraints from another audit engagement.

Tue 29 Sep 2026

Auditor Change Event

M/s Batliboi & Purohit unable to continue limited review for quarter and half year ending September 30, 2026

Reason for Change

Regulatory capacity constraints from another audit engagement

Approval Date

September 28, 2026

Continuing Auditors

Shah Gupta & Co, V Sankar & Aiyar & Co, Ravi Rajan & Co LLP, Gokhale & Sathe LLP

Bank's Clarification

Not a resignation and not due to any disagreement or adverse matter

What happened

Bank of Baroda informed the exchanges about a change in its team of Statutory Central Auditors (SCAs) for the financial year 2025-26.

• M/s Batliboi & Purohit, one of the SCAs, expressed inability to continue undertaking the limited review of the Bank's financial results for the quarter and half year ending September 30, 2026.
• The stated reason is regulatory capacity constraints arising from the firm accepting another statutory audit engagement.
• The Audit Committee of the Board approved on September 28, 2026 that the limited review will be carried out by the remaining 4 SCAs.

Auditors continuing the review

• M/s Shah Gupta & Co, Chartered Accountants
• M/s V Sankar & Aiyar & Co, Chartered Accountants
• M/s Ravi Rajan & Co LLP, Chartered Accountants
• M/s Gokhale & Sathe LLP, Chartered Accountants

Bank's clarification

The Bank clarified that the change is purely on account of applicable regulatory requirements relating to the maximum permissible number of audit assignments of SCAs. It is not a resignation, and not on account of any disagreement with, or any adverse matter relating to, the outgoing Statutory Central Auditor.

What it means for investors

A limited review of half-yearly results will still be performed, by the four remaining audit firms. The Bank has attributed the change to assignment-limit rules rather than to any issue with its accounts.

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