Intimation under Regulation 30 regarding Appointment of Statutory Auditors.
RAYMOND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Raymond Ltd has announced the appointment of M/s Price Waterhouse Chartered Accountants LLP (PwC) as its new Statutory Auditors for a period of five years. The appointment is subject to shareholder approval at the 101st Annual General Meeting. The current auditors, M/s Chaturvedi & Shah LLP, were appointed earlier to fill a casual vacancy caused by the resignation of the previous auditor and will complete their term at the ensuing AGM. PwC is a large chartered accountancy firm established in 1991, converted to LLP in 2014, with 17 branch offices across India and over 125 assurance partners.
The appointment of a Big Four firm like PwC suggests the company is prioritizing quality audit standards, which could be viewed positively by investors regarding governance standards.