KNAV Limited Appointed Statutory Auditor of Four UK Material Subsidiaries; KPMG LLP Resigns

KPMG LLP has resigned as statutory auditor of four UK material subsidiaries — Homefield Pvt. UK, TCE Group, Brunner Mond Group and British Salt — effective September 16, 2026.

Sat 26 Sep 2026

Auditor Resignation Effective Date

September 16, 2026

Previous Auditor

KPMG LLP

New Auditor Appointed

KNAV Limited

Entities Affected

Homefield Pvt. UK, TCE Group, Brunner Mond Group and British Salt

Reason for Change

Audit fees at earlier levels no longer acceptable to the entities

What was announced

Tata Chemicals informed the exchanges of a change in statutory auditor at four of its material subsidiaries (identified on the basis of net worth) in the UK.

• Homefield Pvt. UK Limited — holding company in the UK with no other operations
• TCE Group Limited — intermediate holding company under Homefield, no other operations
• Brunner Mond Group Limited — intermediate holding company under TCE Group, no other operations
• British Salt Limited — operating company with revenue of 5% of consolidated revenue

The change

KPMG LLP resigned as statutory auditor of each entity with effect from 16 September 2026, and KNAV Limited has been appointed as statutory auditor of each entity.

KPMG LLP had been appointed on July 6, 2022, and its term was scheduled to expire on March 31, 2027. The latest audit report submitted before resignation was dated May 29, 2026.

Reason stated

The reason connected with the ceasing of the statutory auditors is that continuation of audit fees at levels charged in previous years is no longer acceptable to the respective entities. In its statutory statement under section 519 of the UK Companies Act 2006, KPMG LLP said there is no matter connected with its ceasing to hold office that needs to be brought to the attention of the company's members or creditors.

The company also stated that the statutory auditor of these material subsidiaries has not raised any concern about the affairs to the Audit Committee or Board of the respective entities.

Parent company unchanged

The standalone and consolidated financial results of Tata Chemicals Limited continue to be audited by BSR & Co. LLP, part of the KPMG Group.

How to read it

This is an auditor change at subsidiary level, disclosed under Regulations 30 and 51 of the SEBI Listing Regulations. Of the four entities, three are holding companies without operations, and the operating entity contributes 5% of consolidated revenue. The stated cause is a fee disagreement rather than an audit issue.

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