Statutory auditor converts into an LLP; audit engagement remains unchanged
The company's Statutory Auditors, M/s. Sharp & Tannan Associates, Chartered Accountants, have converted into a Limited Liability Partnership (LLP) and will henceforth be known as Sharp & Tannan Associates LLP, Chartered Accountants.
By ScoutQuest · · 1 min read
- Nature of Update
- Statutory Auditors converted into a Limited Liability Partnership (LLP) under the LLP Act, 2008
- Auditor Firm Name Change
- henceforth known as Sharp & Tannan Associates LLP, Chartered Accountants
- Audit Engagement Status
- no change in the audit engagement — continues as Statutory Auditors for the remaining tenure of appointment
Statutory auditor changes legal form
The company's Statutory Auditors, M/s. Sharp & Tannan Associates, Chartered Accountants, have converted into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008. The firm will henceforth be known as Sharp & Tannan Associates LLP, Chartered Accountants. The company states that it was informed of this by the firm through an email dated October 12, 2026.
No change in the audit engagement
The company confirms that pursuant to the conversion there is no change in the audit engagement. Sharp & Tannan Associates LLP will continue to function and discharge its obligations as Statutory Auditors for the remaining tenure of appointment as Statutory Auditors.
What a conversion into an LLP means
- An LLP is a separate legal structure in which the partners' liability is limited, unlike a traditional partnership firm.
- The conversion changes the legal form and the name of the audit firm; the audit engagement itself is stated to continue as before.
What an investor can take away
- The Statutory Auditors for the remaining tenure of appointment remain the same firm, now operating as an LLP.
- The update concerns the auditor's legal structure rather than a change of auditor or of the terms of the audit engagement.
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