Intimation of appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditors of the Company for a term of five consecutive years, commencing from the conclusion ....
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KEC International has appointed Deloitte Haskins & Sells Chartered Accountants LLP as its new Statutory Auditors for a five-year term, starting after the 22nd AGM (2027) until the 27th AGM (2032). The current auditor, Price Waterhouse Chartered Accountants LLP, will continue in their role until the conclusion of the 22nd AGM. This change follows the completion of Price Waterhouse's second consecutive five-year term, which is a standard rotation practice mandated under audit regulations. The appointment is subject to shareholder approval at the 22nd AGM. Deloitte, established in 1997 and converted to an LLP in 2021, is part of the globally known Deloitte network.
This is a routine auditor rotation driven by regulatory term limits and does not indicate any issues with the company's financials or governance. Shareholders can expect a smooth transition in auditors from Price Waterhouse to Deloitte, with no material impact on the stock.