The Addendum to the Notice of 66th Annual General Meeting is enclosed.
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KSB Ltd is seeking shareholder approval at its 66th AGM (scheduled for 20th May 2026) to appoint M/s B S R & Co. LLP as its new Statutory Auditors. The previous auditor, M/s Price Waterhouse Chartered Accountants LLP, resigned effective 30th April 2026 after completing the limited review for Q4 FY2025. The resignation was to align statutory auditors across various entities within the KSB Group. B S R & Co. LLP is a large audit firm with over 4000 staff and 170+ partners across 14 locations. The proposed audit fee is INR 44 lakh for FY2026, with no material change from the outgoing auditor's fees. The appointment is for a term of 5 years from the conclusion of the 66th AGM till the 71st AGM.
Shareholders should approve the appointment of B S R & Co. LLP as the new statutory auditor. The auditor change appears routine and driven by group alignment rather than any audit concerns, with no material change in audit fees.