PAGEINDNSEPage Industries Limited· Textile ProductsMediumNeutral
Announced Thu, 21 May · 15:50 IST

Page Industries Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

PAGEIND · price

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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹38320.00
prior close
₹39420.00
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After-mkt
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AI summary

Page Industries Limited has announced the appointment of M/s Walker Chandiok & Co LLP as the new Statutory Auditors, replacing M/s S.R. Batliboi & Associates LLP. The change follows the completion of S.R. Batliboi's maximum permitted tenure of two consecutive 5-year terms (10 years total), as required under auditor rotation norms. The new appointment is for a 5-year term commencing from the conclusion of the 31st AGM until the conclusion of the 36th AGM. The appointment follows due process with the Audit Committee's recommendation and Board approval. Walker Chandiok & Co LLP is a well-established CA firm founded in 1935, registered with ICAI, PCAOB, and empanelled with CAG, having 92 partners across 19 offices in India.

Likely market impact

This is a routine auditor rotation with no implications for shareholders or stock price. The change complies with statutory requirements and regulatory guidelines on auditor independence. No concerns about governance or financial reporting are indicated.