Maruti Suzuki India Limited has informed the Exchange regarding Change in Auditors of the company.
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On 12th May 2025, Maruti Suzuki India informed the exchanges that Deloitte Haskins & Sells LLP has resigned as Statutory Auditors with immediate effect, before completing its 5-year term (which was set to run until the 45th AGM in 2026). Deloitte had already issued the audit report for FY25 dated 25th April 2025 and had not commenced the FY26 audit. The reason given is that Suzuki Motor Corporation, Maruti's Japanese parent, recently changed its own statutory auditor, and Maruti wants to align with the parent to gain synergies and maintain consistency in the audit process. Deloitte confirmed there are no concerns, disputes, or unresolved issues with management. To fill the casual vacancy, the Board has appointed Price Waterhouse Chartered Accountants LLP (PW) until the conclusion of the 44th AGM, with shareholder approval to be sought via postal ballot.
This is a planned, parent-driven auditor rotation rather than a governance red flag – Deloitte itself confirmed there were no concerns. Shareholders should note the auditor switch before the FY26 audit begins, but the transition is orderly and the new auditor (Price Waterhouse) is a top-tier firm. No immediate impact on stock price is expected; shareholders will get to vote on the appointment through a postal ballot.