Aditya Birla Fashion and Retail Limited has informed the Exchange regarding Change in Auditors of the company.
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Aditya Birla Fashion and Retail Limited's Board of Directors has approved the re-appointment of Price Waterhouse & Co Chartered Accountants LLP as the company's Statutory Auditor for a second term of 5 consecutive years. The appointment runs from the conclusion of the 19th Annual General Meeting (AGM) until the conclusion of the 24th AGM. This re-appointment comes on the recommendation of the Audit Committee and is subject to approval by shareholders at the ensuing AGM. Price Waterhouse & Co is a well-established chartered accounting firm registered with ICAI, holding a valid peer review certificate and serving as auditor to several listed companies.
This is a routine governance matter confirming continuity of the existing auditor relationship. The re-appointment reflects the Audit Committee's satisfaction with the current auditor's performance and should have no direct impact on the stock price.