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 announced the resignation of its Statutory Auditor, M/s. Price Waterhouse Chartered Accountants LLP, effective May 14, 2026. The auditor was appointed for five years (FY 2023-24 to 2027-28) at the AGM held on September 30, 2023. The resignation came after a fee dispute: the auditor requested a fee increase for the FY 2026-27 audit based on estimated effort, but the company asked for a significant reduction compared to the previous year's fees. Unable to agree on terms, the auditor tendered resignation with immediate effect. Importantly, the auditor had already issued its audit reports for FY 2025-26 (standalone and consolidated financial statements) dated May 08, 2026, prior to resigning.
This mid-term resignation of a Big Four auditor due to fee disagreement could raise concerns among investors about governance standards and the company's financial position or cost management priorities. Investors should monitor for appointment of a new auditor and any further disclosures regarding the fee dispute.