LODHANSELodha Developers LimitedMediumNeutral
Announced Mon, 30 Mar · 19:20 IST

Lodha Developers Limited has informed the Exchange regarding Appointment of Ms Walker Chandiok & Co., LLP as Other of the company.

Management Changes View source PDF

LODHA · price

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Price reaction · full curve 14 horizons · vs prior close
+2.7%1-day move
₹679.00
prior close
₹692.00
base price
After-mkt
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AI summary

Lodha Developers has appointed Walker Chandiok & Co., LLP as its new Statutory Auditor for a five-year term starting FY 2026-27, replacing MSKA & Associates LLP who are retiring after completing two consecutive five-year terms at the upcoming 31st Annual General Meeting. The new auditor's term will run from the conclusion of the 31st AGM to the conclusion of the 36th AGM, subject to shareholder approval. Walker Chandiok is one of India's oldest and largest audit firms, established in 1935, with 87 partners and offices across major Indian cities, registered with ICAI and PCAOB. The appointment was recommended by the Audit Committee and approved by the Board on March 30, 2026.

Likely market impact

This is a routine, mandatory auditor rotation after MSKA completed two terms — not a red flag. Replacing MSKA with a top-tier firm like Walker Chandiok should reassure investors about audit quality and governance continuity.