Statutory auditors change at 27th AGM: B R A N D LLP & Co. completes term, S B C & Co. appointed for 5 years
At the 27th AGM held on September 29, 2026, shareholders approved a change of statutory auditors.
- Outgoing Auditor
- M/s. B R A N D LLP & Co., Chartered Accountants
- Incoming Auditor
- M/s. S B C & Co., Chartered Accountants
- Auditor Term Length
- 5 consecutive years, from 27th AGM to 32nd AGM
- AGM Date
- September 29, 2026
- Reason for Change
- Completion of term
What happened
At the 27th Annual General Meeting held on Tuesday, September 29, 2026, members approved two related items concerning the company's statutory auditors.
- Outgoing: M/s. B R A N D LLP & Co., Chartered Accountants, completed their tenure and consequently ceased to hold office upon conclusion of the 27th AGM.
- Incoming: M/s. S B C & Co., Chartered Accountants, appointed as statutory auditors under Sections 139 and 142 of the Companies Act, 2013.
- Term: 5 (five) consecutive years, from the conclusion of the 27th AGM until the conclusion of the 32nd AGM.
- Remuneration: as mutually agreed between the Board of Directors and the auditors.
About the incoming firm
S B C & Co. is registered with the Institute of Chartered Accountants of India and, as stated in the update, holds a clean peer review certificate. Its practice covers statutory audit, internal audit, GST audit, process audit and due diligence reviews.
How to read this
The reason recorded for the change is term completion, not resignation or removal. An auditor exit driven by rotation rules is a routine corporate governance event, and no audit issues or qualifications are cited as the reason for the cessation. Investors typically watch auditor changes because an abrupt resignation can signal disagreement; here the disclosure describes the end of a scheduled tenure and a fresh five-year appointment approved by shareholders.
No change to business operations, revenue or capital structure arises from this update.
More numbers
- Term of new statutory auditors5 (five) consecutive years
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