Orient Electric Limited has informed the Exchange regarding Change in Auditors of the company.
ORIENTELEC · price
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Orient Electric's board has approved the appointment of 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 until the 15th AGM in FY 2031-32. The appointment is subject to shareholder approval at the 10th AGM. The current auditor, S.R. Batliboi & Co. LLP, will complete their second (and final) term at the 10th AGM, after which the rotation takes effect. Price Waterhouse is a well-established firm with over 125 assurance partners, founded in 1991, and audits multiple listed companies in India.
This is a routine, regulation-driven auditor rotation after the current firm completed its maximum permitted two terms — not a mid-term change or red flag. Shareholders will need to approve the appointment at the upcoming AGM, but the transition is procedural and unlikely to materially impact the stock.