Amber Enterprises India Limited has informed the Exchange regarding Change in Auditors of the company.
AMBER · price
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Amber Enterprises has informed the exchanges that Ascent Circuits Private Limited, its material step-down subsidiary, accepted the resignation of its statutory auditor M/s Gowthama & Company on 12 August 2025. To fill this casual vacancy, the Board of Ascent Circuits appointed M/s S.R. Batliboi & Co. LLP, a well-established 100+ year old firm that is part of the S.R. Batliboi & Affiliates network, as the new statutory auditor. The appointment is effective from 12 August 2025 and will hold until the conclusion of the next Annual General Meeting in calendar year 2026. Shareholders of Ascent Circuits will subsequently ratify this appointment at an Extraordinary General Meeting. Importantly, this change is at the subsidiary level and not at Amber Enterprises itself.
This is a routine auditor change at the subsidiary level with no indication of any audit qualifications or disputes. The replacement by a reputed large firm like S.R. Batliboi & Co. LLP is neutral to slightly positive for governance perception and is unlikely to materially affect Amber Enterprises' stock price.