Announced Thu, 13 Aug · 18:10 IST
Statutory auditor KKC and Associates LLP resigns effective Aug 13, 2026
IVC · price
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Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹8.55
prior close
₹8.35
base price
After-mkt
timing
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-1.7-1.0-1.3-1.0-2.2-3.9-3.6-3.7-4.0—————
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AI summary
KKC and Associates LLP resigned as statutory auditors of IL&FS Investment Managers effective August 13, 2026, partway through a five-year term that began at the August 30, 2024 AGM. The firm cited the company's proposed alignment of statutory auditors across IL&FS Group entities as the reason. KKC completed the limited review for the quarter ended June 30, 2026 before stepping down and confirmed there are no other material concerns or reasons behind the resignation.
Likely market impact
Auditor cited group-wide alignment, not governance issues. Company must now appoint a new auditor to complete the ongoing audit cycle.