Announced Sat, 20 Jun · 13:19 IST
G R Infraprojects recommends B S R and Co as new Statutory Auditors
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, Chartered Accountants, as Statutory Auditors for five consecutive years, from the conclusion of the 30th AGM to the 35th AGM, subject to shareholder approval. This follows the end of the tenure of incumbent auditor S R B C and Co LLP. B S R and Co is a Mumbai-based firm constituted in 2007 with 4,000 plus staff and 200 plus partners.
Likely market impact
Routine auditor rotation at end of incumbent's term, pending shareholder approval. No governance red flags in the disclosure.