Indusind Bank Limited has informed the Exchange regarding Change in Auditors of the company.
INDUSINDBK · price
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On the reaction day the stock moved 0.2 pts less than Nifty Midcap 150 and 0.8 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IndusInd Bank's shareholders approved the appointment of M/s. Borkar & Muzumdar, Chartered Accountants, as a Joint Statutory Auditor at the 31st AGM held on August 29, 2025. They will serve from the conclusion of the 31st AGM until the conclusion of the 34th AGM, subject to annual RBI approval. M/s. MSKA & Associates has stepped down as Joint Statutory Auditor after completing their full three-year term. Borkar & Muzumdar is a 75+ year-old reputed firm with 18 partners and over 230 staff, based in Mumbai with presence in 10+ states.
This is a routine auditor rotation following the completion of MSKA's three-year term, with a well-established replacement firm taking over. No governance red flags — this is standard regulatory compliance and is unlikely to have any material impact on the stock price.