Arisinfra Solutions Limited has informed the Exchange about change in Management for Resignation of Statutory Auditors
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Price Waterhouse Chartered Accountants LLP has resigned as the Statutory Auditor of Arisinfra Solutions Limited with effect from May 14, 2026. The resignation comes after the Company requested a significant reduction in audit fees compared to the previous year (FY2025-26). The auditor stated that considering their estimate of time and effort involved, they would not be able to undertake the audit at the reduced fee. The auditor had been appointed for five years (FY 2023-24 to 2027-28) at the AGM held on September 30, 2023. They have confirmed that they issued their audit report for the year ended March 31, 2026 prior to resignation. The Company will need to appoint a new auditor to fill the vacancy.
The mid-term resignation of a Big Four firm over fee disputes is a governance concern. Investors should monitor for any delays in appointing a replacement auditor and watch for any related party fee negotiations in future filings.