CEMPRONSECemindia Projects LimitedMediumNeutral
Announced Sat, 27 Jun · 19:42 IST

Cemindia Projects appoints Price Waterhouse as statutory auditor for 5 years

Auditor Resigned MidtermManagement Changes View source PDF

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₹1218.90
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AI summary

Cemindia Projects shareholders approved Price Waterhouse Chartered Accountants LLP as statutory auditors for 5 years, from the 48th AGM in 2026 to the 53rd AGM in 2031. Price Waterhouse had earlier filled a casual vacancy caused by the resignation of the previous auditors. The AGM also approved changes to Article 131 of the Articles of Association regarding document execution.

Likely market impact

A major global audit firm is now auditor for 5 years. The previous auditor had resigned mid-term, which can be a governance concern worth noting for investors.