Arvind Fashions Limited has informed the Exchange regarding re-appointment of Deloitte Haskins & Sells as Statutory Auditor of the company for second term of 5 consecutive years.
ARVINDFASN · price
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Arvind Fashions Limited's Board of Directors has approved the re-appointment of Deloitte Haskins & Sells, Chartered Accountants as the company's Statutory Auditors for a second consecutive term of 5 years. The appointment will run from the conclusion of the 11th Annual General Meeting until the conclusion of the 16th Annual General Meeting. The decision was based on the recommendation of the Audit Committee and is subject to approval by shareholders at the ensuing 11th AGM. Deloitte Haskins & Sells has been registered with ICAI since 1997 and is part of the Deloitte network of firms.
This is a routine governance matter indicating continuity in the company's audit arrangements. Shareholder approval is still required at the AGM, but no immediate shareholder action is needed. The re-appointment of a Big 4 firm suggests no concerns about auditor quality.