PAGEIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Page Industries has announced the appointment of Walker Chandiok & Co LLP as its new statutory auditor, replacing the retiring S.R. Batliboi & Associates LLP. The change follows the completion of S.R. Batliboi's second consecutive 5-year term (maximum allowed under Companies Act). The new auditor has been recommended by the Audit Committee and approved by the Board, with appointment subject to shareholder approval at the 31st AGM. Walker Chandiok & Co LLP is a large, established firm founded in 1935 with 92 partners and offices across 18 major Indian cities. The appointment is for a 5-year term through the 36th AGM. No relationships between directors have been disclosed.
This is a routine auditor rotation following completion of the maximum permitted term. The change appears to be standard corporate governance compliance with no red flags or concerns for shareholders.