ASIANPAINTNSEAsian Paints Limited· PaintsMediumNeutral
Announced Thu, 26 Mar · 19:01 IST

Asian Paints Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

ASIANPAINT · price

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Price reaction · full curve 14 horizons · vs prior close
-4.5%1-day move
₹2271.00
prior close
₹2246.30
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.6+0.8+0.7+0.6-4.5-2.0-4.4-3.6-3.3-0.2+12.9+9.1+17.8+17.3
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AI summary

Asian Paints' Board has approved the appointment of S R B C & Co. LLP as the new Statutory Auditors for a five-year term, from the 80th AGM (FY 2025-26) until the 85th AGM (FY 2030-31), subject to shareholder approval. The change is happening because the current auditors, Deloitte Haskins & Sells LLP, are completing their maximum allowable two consecutive five-year terms (10 years) at the upcoming AGM. S R B C & Co. LLP is part of the S. R. Batliboi & Affiliates network, established in 2002, and provides audit, tax, and advisory services to listed and private companies across India.

Likely market impact

This is a routine, regulatory-driven rotation of auditors after Deloitte's two-term tenure ended. No governance concerns; shareholders will vote to ratify the appointment at the 80th AGM. Minimal impact expected on the stock or operations.