LGEINDIABSELG ELECTRONICS INDIA LTDLowNeutral
Announced Tue, 21 Jul · 17:28 IST

Re-appointment of Cost Auditor of the Company

Management Changes View source PDF

LGEINDIA · price

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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹1560.90
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₹1561.10
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AI summary

LG Electronics India's Board, at its meeting on July 21, 2026, approved the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as the new Statutory Auditor for a 5-year term, starting from the conclusion of the upcoming 29th AGM until the AGM in 2031, subject to shareholder approval. This follows the completion of the existing Statutory Auditor M/s. Price Waterhouse Chartered Accountant LLP's tenure at the 29th AGM. The Board also approved the re-appointment of M/s. J.K. Kabra & Co., Cost Accountants, as Cost Auditors for FY 2026-27, subject to shareholder ratification. The 29th AGM is scheduled for August 21, 2026, via video conferencing.

Likely market impact

This is a routine governance update with no material impact on shareholders. Switching from Price Waterhouse to Deloitte as Statutory Auditor reflects a planned succession after completion of the existing auditor's term, while the Cost Auditor re-appointment signals continuity. No negative signal for the stock.