Announced Thu, 24 Jul · 16:59 IST

Motherson Sumi Wiring India Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

MSUMI · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

On July 24, 2025, the board of Motherson Sumi Wiring India Limited approved the appointment and re-appointment of three auditors. M/s. SGS Associates LLP has been newly appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming 5th Annual General Meeting. M/s. P.R. Mehra & Co., a 100-year-old firm established in 1921, has been re-appointed as Internal Auditor for FY 2025-26. M/s. M.R. Vyas & Associates, a Kanpur-based partnership firm of cost accountants, has been re-appointed as Cost Auditor for FY 2025-26. None of these changes involve the statutory auditor; they are separate roles covering secretarial compliance, internal controls, and cost records. The board meeting concluded in about 50 minutes.

Likely market impact

This is a routine governance update with no material impact on shareholders. Re-appointment of the existing Internal and Cost Auditors signals continuity, while the new Secretarial Auditor appointment will require shareholder approval but is a standard regulatory requirement.