Ksb Limited has informed the Exchange regarding Change in Auditors of the company.
KSB · price
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KSB Limited's statutory auditor, Price Waterhouse Chartered Accountants LLP, resigned effective April 30, 2026, nearly two years before the scheduled term expiry of December 31, 2026. The auditor's resignation letter reveals that the company's CFO (Mr. Mahesh Bhave) requested the change via email dated April 15, 2026, as management wanted to appoint auditors affiliated to those of the intermediate holding company outside India. Price Waterhouse confirmed no material concerns and completed their audit work including the Q4 FY2025 report and Q1 FY2026 limited review. B S R & Co. LLP has been appointed as the new statutory auditor, subject to shareholder approval at the 66th AGM on May 20, 2026, for a five-year term.
While the auditor cited no concerns, a mid-term resignation often raises governance questions. The switch to auditors aligned with the holding company's network may signal closer parent oversight. Shareholders should monitor for any qualifications in future audit reports.