Educomp Solutions Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
Educomp Solutions Limited has appointed M/s GDR & Associates LLP, Chartered Accountants (FRN: 15088N) as its new Statutory Auditor for a five-year term, from the conclusion of the 31st AGM (held on March 10, 2026) till the conclusion of the 36th AGM. The change was made because the term of the previous auditor expired, making this a routine, non-mid-term transition. The new auditor firm was established in 1997, has 17 partners (4 specialized in statutory audit), and is based in Faridabad. Notably, the intimation is signed by the 'Caretaker Resolution Professional', indicating the company is currently under the Corporate Insolvency Resolution Process (CIRP) under the IBC. This follows an earlier communication on the same subject dated December 23, 2025.
This is a routine auditor rotation due to expiry of the previous auditor's term and is unlikely to materially impact the stock. However, investors should note that the company remains under insolvency resolution, which is the key ongoing concern for shareholders.