DLF Limited has informed the Exchange regarding Change in Auditors of the company.
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Awaiting price reaction for this filing.
DLF's board met on August 4, 2025 and approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025), along with the Limited Review Reports by statutory auditor S.R. Batliboi & Co. LLP. The board also appointed M/s Sanjay Gupta & Associates, Cost Accountants (FRN: 000212), as Cost Auditors for FY 2025-26, based on the Audit Committee's recommendation. A positive development: a consent award in the JHL (Twenty Five Downtown Realty, formerly Joyous Housing) joint venture matter entitles DLF to receive Rs. 801 crore, of which Rs. 100 crore has already been received and the balance Rs. 701 crore is receivable with interest, secured by a mortgage on 1.50 lakh sq ft of residential real estate being built by JHL. The filing also notes ongoing pending litigations including the Rs. 630 crore CCI penalty, IT SEZ/IT Park land cases in Gurugram, and SEBI matters — all pending before the Supreme Court with no adjustments made in the books.
This is largely a routine quarterly results and annual cost auditor appointment filing — no change in statutory auditor or board composition. The JHL consent award of Rs. 801 crore is a meaningful positive for shareholders, strengthening recovery prospects on an exposure of Rs. 657.88 crore already provisioned in books; any upside realization could benefit future quarters. Share price impact is expected to be neutral from the auditor change, with focus likely to remain on operating performance and the JHL recovery timeline.