Board approves Deloitte as statutory auditor for five years after existing auditor's term ends
Board approves Deloitte Haskins & Sells Chartered Accountants LLP as statutory auditor for five consecutive years, from the end of the FY2026-27 AGM until the end of the FY2031-32 AGM.
By ScoutQuest · · 2 min read
- New auditor
- Deloitte Haskins & Sells Chartered Accountants LLP
- Term of appointment
- from the end of the FY2026-27 AGM until the end of the FY2031-32 AGM
- Existing auditor
- S R B C & CO LLP completes its second consecutive term of five years
What the Board approved
The Board has approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as the statutory auditors of the company, based on the recommendation of the Audit Committee and subject to the approval of the shareholders.
Why a change is happening
This is not a mid-term exit by the existing auditor. S R B C & CO LLP, the current statutory auditors, completes its second consecutive term of five years at the conclusion of the AGM for the financial year 2026-27, and ceases to hold office on completion of that tenure under the mandatory auditor rotation requirement.
- Existing auditor: S R B C & CO LLP
- Reason for change: completion of the second consecutive term of five years at the conclusion of the FY2026-27 AGM
- New auditor: Deloitte Haskins & Sells Chartered Accountants LLP (Firm Registration No. 117364W/W100739)
Term of the new auditor
The appointment is for a term of five consecutive years, commencing from the conclusion of the AGM for the financial year 2026-27 and continuing until the conclusion of the AGM for the financial year 2031-32.
Two things to note
- The appointment is subject to the approval of the shareholders, so it will be placed before them for approval.
- A change of statutory auditor at the end of a full permitted term is a scheduled transition, not an early termination.
Who Deloitte is, per the update
Deloitte Haskins & Sells Chartered Accountants LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India and is part of the Deloitte network of professional services firms. The update states the firm has extensive experience in audit and assurance services to large listed and multinational companies across sectors including pharmaceuticals, life sciences and healthcare, and is supported by a team of audit, tax, technology and industry specialists.
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More numbers
- Term of appointment of new statutory auditorfive consecutive years
- Existing auditor's second consecutive termsecond consecutive term of five years
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