ABRELBSEAditya Birla Real Estate LtdMediumNeutral
Announced Wed, 6 May · 16:58 IST

Appointment of M/s Singhi & Co., Statutory auditor of the Company for a term of 5 years subject to approval of shareholders at the ensuing Annual General Meeting of the Company

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Price reaction · full curve 14 horizons · vs prior close
-4.6%1-day move
₹1551.00
prior close
₹1571.90
base price
After-mkt
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-0.7-0.8-0.7+0.2-4.6-11.6-14.8-15.2-15.7-20.6-19.1-21.9-9.3
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AI summary

Aditya Birla Real Estate Limited has announced the appointment of M/s Singhi & Co., Chartered Accountants, as the new Statutory Auditors for a five-year term. This appointment follows the end of the second term of the previous auditors, M/s SRBC & CO. LLP, whose tenure concludes at the 129th Annual General Meeting. Singhi & Co. will conduct audits from FY2026-27 to FY2030-31. The appointment was recommended by the Audit Committee and approved by the Board of Directors on May 6, 2026, and is subject to shareholder approval at the ensuing 129th AGM. Singhi & Co. is the 7th largest Assurance and Advisory firm in India, serving over 150 listed entities, and is ICAI Peer Reviewed.

Likely market impact

This is a routine auditor rotation as mandated by SEBI regulations, replacing SRBC & CO. LLP after their completed term. Shareholders will vote on this appointment at the 129th AGM. The appointment of a well-established firm like Singhi & Co. should provide continued confidence in the company's audit quality.