Arisinfra Solutions Limited has informed the Exchange regarding Change in Auditors of the company.
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Price Waterhouse Chartered Accountants LLP (PwC) has resigned as statutory auditor of Arisinfra Solutions Limited with effect from May 14, 2026. The resignation comes mid-term — PwC was originally appointed in September 2023 for a five-year tenure covering FY2023-24 to FY2027-28. The stated reason is a fee dispute: PwC requested an increase in fees for the FY2026-27 audit, but the company asked them to significantly reduce fees compared to the FY2025-26 level. PwC determined it could not undertake the audit at the reduced fee and tendered its resignation. The auditor confirmed it had already issued its audit report for the year ended March 31, 2026 prior to resigning, so the FY2025-26 financials are complete. A replacement auditor has not yet been announced.
The mid-term resignation of a Big Four auditor due to a fee disagreement may raise concerns about audit quality and governance standards. Investors should watch for the appointment of a new auditor and any related party disclosures.