Board approves S R B C & CO LLP as Statutory Auditors for 5 years; LIC nominee added as Additional Director
Board approved S R B C & CO LLP as Statutory Auditors for 5 consecutive years, from the 43rd AGM (2027) to the 48th AGM (2032).
By ScoutQuest · · 2 min read
- Statutory Auditor Term
- 5 consecutive years, from the 43rd AGM (2027) to the 48th AGM (2032)
- New Additional Director
- Mr. Shatmanyu Shrivastava (DIN: 12023367), Non-Executive, Non-Independent, LIC nominee, effective November 2, 2026
- Senior Management Personnel
- Mr. Sameer Tandon appointed Senior Management Personnel with effect from November 2, 2026
What the board approved
- S R B C & CO LLP appointed Statutory Auditors for a term of 5 consecutive years, from the conclusion of the 43rd AGM in 2027 until the conclusion of the 48th AGM in 2032, subject to the approval of Members at the ensuing AGM.
- Mr. Shatmanyu Shrivastava appointed Additional Director (Non-Executive, Non-Independent), nominated by Life Insurance Corporation of India, with effect from November 2, 2026, subject to the approval of Members.
- Mr. Sameer Tandon appointed Senior Management Personnel with effect from November 2, 2026.
Why the auditor changes
The existing Statutory Auditors, B S R & Co. LLP (ICAI Firm Registration No. 101248W/W-100022), will complete their second term as Statutory Auditors at the conclusion of the 43rd AGM in 2027. The new auditor was recommended by the Audit Committee and approved by the Board. S R B C & CO LLP is an ICAI-registered firm (ICAI Firm Registration No. 324982E/E300003), part of S. R. Batliboi & Affiliates, established in 2002 with its registered office in Kolkata, and holds a valid Peer Review certificate.
The new Additional Director
- Mr. Shrivastava is a Fellow Member of the Institute of Chartered Accountants of India and a Fellow of the Insurance Institute of India, and has pursued actuarial studies from the Institute of Actuaries of India.
- He has over three decades of experience in finance, accounting, risk management, corporate governance and regulatory compliance, having held leadership positions across Branch, Divisional, Zonal and Central Offices during his career with LIC.
- Prior to his retirement from LIC on September 30, 2026, he served as Executive Director (Finance & Accounts) and Chief Financial Officer, and earlier as Executive Director (Enterprise Risk Management) and Chief Risk Officer.
- He is not related to any Director of the Company and is not debarred from holding the office of Director pursuant to any order of SEBI or any other authority.
The new Senior Management Personnel
Mr. Sameer Tandon brings over 26 years of leadership experience across B2B and B2C businesses in the consumer goods and crop protection industries, with expertise in marketing and brand management. He has led businesses across India, APAC and Europe with P&L responsibility.
How to read this
These are board-level and senior-management appointments rather than an operating or earnings announcement. Two things a retail investor may track: the statutory auditor rotation takes effect from the 43rd AGM in 2027 and runs to the 48th AGM in 2032, and the new non-executive director is nominated by LIC, a large institutional shareholder, which the update links to stakeholder representation on the Board and Board diversity. The auditor appointment and the director appointment both require Members' approval at the ensuing AGM.
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More numbers
- Term of appointment of S R B C & CO LLP as Statutory Auditors5 (five) consecutive years
- Experience of Mr. Shatmanyu Shrivastava in LIC36 plus years
- Leadership experience of Mr. Sameer Tandonover 26 years
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