Hindalco Industries Limited has informed the Exchange about General Updates
HINDALCO · price
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Hindalco Industries has informed the stock exchanges that it plans to appoint SRBC & Co LLP as its new Statutory Auditors, effective from the conclusion of the Annual General Meeting to be held in FY28 (i.e., for the financial year ending March 2028). The current auditors, Price Waterhouse & Co Chartered Accountants LLP, will complete their second term at that same AGM. As per the Companies Act, 2013, a company must rotate its statutory auditor after two consecutive terms of five years each, which is why Hindalco is required to bring in a new auditor. The appointment is subject to completion of all regulatory and independence requirements.
This is a routine, regulation-driven auditor change and is unlikely to have any material impact on the stock price or shareholders. SRBC & Co LLP is a well-known Big Four affiliate (associated with S.R. Batliboi & Co.), so the transition should be smooth. No concerns are flagged.