Statutory Auditors firm converted into LLP; audit engagement continues unchanged
The company's Statutory Auditors told it, by email dated October 12, 2026, that their firm has been converted into a Limited Liability Partnership (LLP) under the LLP Act, 2008.
By ScoutQuest · · 2 min read
- New firm name
- Sharp & Tannan Associates LLP, Chartered Accountants
- ICAI Firm Registration No.
- FRN: 109983W/W101313
- Intimation mode and date
- email dated October 12, 2026
What the company informed the exchange
- The Statutory Auditors of the company intimated it, by email dated October 12, 2026, that their firm has been converted into a Limited Liability Partnership (LLP) under the provisions of the Limited Liability Partnership Act, 2008.
- The firm is now known as Sharp & Tannan Associates LLP, Chartered Accountants. Its ICAI Firm Registration No. is FRN: 109983W/W101313.
- The company confirms that the conversion of the firm into an LLP does not result in any change in the existing audit engagement.
- M/s Sharp & Tannan Associates LLP shall continue to act as the Statutory Auditors of the company and discharge its responsibilities for the remaining tenure of appointment.
- The company has said this information is also available on its website, www.stml.in.
What "conversion of firm into LLP" means
A chartered accountancy firm can change its legal structure while continuing the same practice. Here, the firm that audits the company has moved from a partnership structure to a Limited Liability Partnership structure. An LLP is a separate legal form in which the partners' liability is limited, and the firm keeps its ICAI registration number.
Why this was intimated
The company has informed the exchange of this development under Regulation 30 of the SEBI Listing Regulations, 2015. The disclosure was addressed to BSE Ltd, where the company's scrip code is 530185.
How a retail investor might read it
- The key point is continuity: the same firm continues as the Statutory Auditors and will serve the remaining tenure of its appointment.
- What has changed is the legal form of the auditor's firm, and the company states this does not change the existing audit engagement.
- The disclosure is about the auditor's own restructuring; the company's statement is that the audit engagement continues as before.
In short: the news is about the structure of the audit firm, with the company confirming that the same firm continues to audit it for the remaining tenure of appointment.
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