Lodha Developers Limited has informed the Exchange regarding appointment of Ms Walker Chandiok and Co., LLP as the Statutory Auditor of the Company
LODHA · price
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Lodha Developers' Board has approved the appointment of Walker Chandiok & Co., LLP as the new Statutory Auditor of the company for a first term of 5 consecutive years starting FY 2026-27, effective from the conclusion of the 31st Annual General Meeting (AGM) to the 36th AGM. This change is subject to shareholder approval at the upcoming AGM. The current auditor, MSKA & Associates LLP, is retiring after completing two consecutive terms (10 years), which is the maximum tenure allowed under the Companies Act. Walker Chandiok & Co., LLP is a well-established firm founded in 1935 with 87 partners and offices across major Indian cities, serving several top listed companies.
This is a routine, mandatory auditor rotation after the previous auditor completed the maximum allowed tenure — not a mid-term resignation or a red flag. No material impact is expected on the stock price or shareholders. Shareholders will need to approve the appointment at the upcoming AGM.