Andhra Cements Limited has informed the Exchange regarding Change in Auditors of the company.
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Deloitte Haskins & Sells has resigned as the Statutory Auditor of Andhra Cements Limited with immediate effect, via a letter dated May 14, 2025. Deloitte was originally appointed at the 84th AGM in June 2023 for a full 5-year term until the 89th AGM (covering FY2024 to FY2028), so this is a mid-term exit about two years into the tenure. The reason cited is purely operational: Deloitte's term at the parent company Sagar Cements Limited is also ending at its 44th AGM in June 2025, and Andhra Cements wants to align its auditor with the holding company for cost and effort efficiency going into FY2026. Deloitte confirmed it has completed the FY2025 audit (report dated May 12, 2025), raised no concerns with management, and stated there are no other material reasons for the resignation. The company will now need to appoint a new statutory auditor, likely one aligned with Sagar Cements' new auditor.
This is a routine, company-driven change linked to parent-subsidiary alignment rather than a governance red flag — Deloitte flagged no concerns and completed the most recent audit cleanly. Shareholders should watch for the appointment of the new auditor in the coming weeks, but no immediate negative signal for the stock.