Board approves Price Waterhouse as new joint statutory auditor; Gandhi Rathi & Co. re-appointed
Board approved Price Waterhouse Chartered Accountants LLP as joint Statutory Auditor, replacing retiring SRBC & Co. LLP (completing two 5-year terms), and re-appointed Gandhi Rathi & Co. for a second term.
By ScoutQuest · · 1 min read
- New joint statutory auditor
- Price Waterhouse Chartered Accountants LLP
- Auditor term
- 5 years, 32nd AGM (2027) to 37th AGM (2032)
- Outgoing auditor
- SRBC & Co. LLP, completing two 5-year terms
What was decided
At its meeting on November 03, 2026, the Board approved a change in the company's joint statutory auditors, based on the Audit Committee's recommendation.
- Price Waterhouse Chartered Accountants LLP appointed as a new joint Statutory Auditor.
- Gandhi Rathi & Co. re-appointed for its second term as joint Statutory Auditor.
- SRBC & Co. LLP is retiring after completing its second consecutive term of 5 years.
Why the change
SRBC & Co. LLP is stepping down because it has completed two consecutive five-year terms. It will continue to audit the company and its subsidiary until the conclusion of the 32nd AGM.
Term and approval
- Term of five years, from the conclusion of the 32nd AGM (to be held in 2027) until the conclusion of the 37th AGM (to be held in 2032).
- Subject to shareholders' approval at the 32nd AGM.
About the auditors
- Price Waterhouse Chartered Accountants LLP: established in 1991, converted to an LLP in 2014, headquartered in New Delhi with seventeen (17) branch offices, and more than 120 Assurance Partners as of April 1, 2026. It is a member of the Price Waterhouse & Affiliates network and audits various listed companies.
- Gandhi Rathi & Co.: registered with ICAI since 1987, head office in Nagpur, holds a peer review certificate and offers audit, tax and advisory services.
What it means
This is a scheduled auditor rotation, not a resignation. Investors may view it as routine governance.
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More numbers
- Term of new/re-appointed joint auditorsfive-year term
- SRBC term length completed (each of two terms)5 years
- Price Waterhouse branch officesseventeen (17)
- Price Waterhouse assurance partnersmore than 120
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