Announced Sat, 20 Jun · 13:18 IST
Board recommends B S R and Co as new statutory auditor for 5-year term
Management Changes View source PDF
GRINFRA · price
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Price reaction · full curve 14 horizons · vs prior close
+8.8%1-day move
₹888.80
prior close
₹895.15
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1-0.1-0.0+0.4+8.8+10.0+6.0+3.5+3.5+4.6+1.3-0.6——
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AI summary
G R Infraprojects board has recommended appointing M/s. B S R and Co as the new statutory auditor for five consecutive years, from the end of the 30th AGM to the conclusion of the 35th AGM. This follows the end of S R B C and Co LLP's tenure. B S R and Co, constituted in 2007, has around 4,000+ staff and 200+ partners. The change requires shareholder approval at the upcoming AGM.
Likely market impact
Routine auditor rotation at end of term. B S R and Co is a well-established firm. No governance red flags. Subject to shareholder nod.