KEC International Limited has informed the Exchange regarding appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditors of the Company for a term of 5 consecutive years, commencing from the conclusion of the 22nd Annual General Meeting (to be held in the year 2027).
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KEC International Limited has announced the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as their new Statutory Auditors for a 5-year term. The appointment will commence from the conclusion of the 22nd Annual General Meeting in 2027 and continue until the conclusion of the 27th AGM in 2032. The current auditor, Price Waterhouse Chartered Accountants LLP, is completing their second consecutive 5-year term and will continue their audit work until the 22nd AGM. The appointment is based on the recommendation of the Audit Committee and is subject to approval by shareholders at the 22nd AGM.
This is a routine auditor rotation as mandated by regulatory guidelines limiting auditor tenure. The orderly transition from Price Waterhouse to Deloitte is not expected to have any negative impact on shareholders or the company's operations.