Aditya Birla Capital Limited has informed the Exchange regarding Outcome of Board Meeting held on July 02, 2025.
ABCAPITAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Aditya Birla Capital has recommended appointing M/s. K K C & Associates LLP as one of the Joint Statutory Auditors for a 3-year term, from the 18th AGM to the 21st AGM, subject to shareholder approval. This move is triggered by the recent merger of Aditya Birla Finance Limited into Aditya Birla Capital (effective April 1, 2025), which pushed the company's asset size above ₹15,000 crore. Under RBI rules, NBFCs of this size must have their statutory audit conducted jointly by at least two audit firms. KKC is an 85-year-old chartered accountancy firm with offices in Mumbai, Pune, Bengaluru, and Ahmedabad, led by 17 partners with a 300+ member team, and has strong experience auditing NBFCs and large conglomerates.
This is a routine regulatory compliance action and not expected to impact shareholders or the stock price. It reflects healthy corporate governance as the company scales up post the Aditya Birla Finance merger, ensuring audit oversight meets RBI's joint audit requirement for large NBFCs.