HINDZINCNSEHindustan Zinc Limited· MetalsMediumNeutral
Announced Fri, 24 Apr · 14:41 IST

Hindustan Zinc Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

HINDZINC · price

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Price reaction · full curve 14 horizons · vs prior close
+6.2%1-day move
₹592.50
prior close
₹589.75
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AI summary

Hindustan Zinc Limited's Board has approved appointment of M/s M S K A & Associates LLP as the new Statutory Auditors for a 5-year term. The current auditors, M/s S.R. Batliboi & Co. LLP, will complete their second term at the conclusion of the 60th AGM. The new appointment will commence from the 60th AGM until the 65th AGM, subject to shareholder approval. The auditor transition follows the completion of the existing auditor's tenure as per standard rotation policy.

Likely market impact

This is a routine auditor change following completion of the previous firm's tenure. It appears to be a planned transition with no governance red flags. Shareholders will vote on this appointment at the ensuing AGM.