Intimation regarding resignation of Statutory Auditor of the Company
ARIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ArisInfra Solutions Limited received the resignation of its Statutory Auditor, M/s. Price Waterhouse Chartered Accountants LLP (a Big 4 firm), with immediate effect from May 14, 2026. The auditor was appointed in September 2023 for a five-year term covering FY 2023-24 to FY 2027-28. The resignation stems from a fee dispute: the auditor requested an increase in fees for the FY 2026-27 audit based on estimated effort, but the company asked the auditor to significantly reduce fees compared to what was paid for the FY 2025-26 audit. The auditor concluded it could not undertake the audit at the reduced fee and resigned. The auditor confirmed it had already completed and issued its audit report for FY 2025-26 (dated May 8, 2026) prior to resigning. No other material reasons for the resignation were cited by the auditor.
The company will need to appoint a replacement auditor to fill the vacancy. Mid-term resignation of a Big 4 auditor due to fee disagreement may signal governance or financial stress concerns to investors, though the auditor has clarified no other material reasons exist.