The Federal Bank Limited has informed the Exchange about Intimation on conversion of Statutory Auditor s Firm into an LLP - Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations )
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The Federal Bank has informed the stock exchange that its Statutory Auditor's firm has converted into a Limited Liability Partnership (LLP). This is a disclosure made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The change relates only to the legal structure of the audit firm, not to the bank itself. No new auditor has been appointed — the same firm continues in a new LLP form. Such conversions are common as audit firms restructure for limited liability protection.
This is a routine governance disclosure with no material impact on the bank's operations, financials, or shareholders. Investors should note no change in auditor or audit quality — only a structural/legal change in the firm.