Statutory auditor converts to Limited Liability Partnership
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.0 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Forbes & Company informed BSE that its statutory auditor, M/s Sharp & Tannan Associates, Chartered Accountants, has converted into a Limited Liability Partnership under the LLP Act, 2008. The firm will now be known as Sharp & Tannan Associates LLP (FRN 109983W/W101313). The company confirmed there is no change in the audit engagement and the auditor will continue to discharge its duties as statutory auditor for the remaining tenure of appointment.
No impact on shareholders; the same audit firm continues under a new legal structure with no change in the audit engagement.