Orient Electric Limited has informed the Exchange regarding Outcome of Board Meeting held on March 26, 2026.
ORIENTELEC · price
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Orient Electric's Board has approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditor for a first term of five consecutive years, from the conclusion of the 10th AGM in FY 2026-27 to the 15th AGM in FY 2031-32, subject to shareholder approval. The current auditor, M/s. S.R. Batliboi & Co. LLP, will complete their second (and final permissible) term at the conclusion of the 10th AGM. Price Waterhouse, established in 1991 and converted to an LLP in 2014, has over 125 assurance partners and 17 branch offices across India, and already audits several listed companies. This is a routine mandatory auditor rotation as S.R. Batliboi completes the maximum two terms allowed under the Companies Act.
This is a routine, regulatory-driven change of auditors and is not expected to materially impact the stock. Shareholders will get to vote on the appointment at the upcoming 10th AGM. The move brings in a Big Four-aligned firm, which is a standard and largely neutral event for shareholders.