Appointment of Statutory Auditor subject to shareholders approval.
MOTHERSON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors has approved appointment of M/s B S R & Co. LLP as Statutory Auditors for a 5-year term, starting from conclusion of the 40th AGM (2027) until conclusion of the 45th AGM (2032), subject to shareholder approval. The current auditor, M/s S. R. Batliboi & Co. LLP, will continue until the 40th AGM as they complete their second consecutive 5-year term. B S R & Co. LLP is a large accounting firm with over 4,000 staff and 170 partners across 14 locations, and is a member of B S R & Affiliates network. This rotation is standard practice under the Companies Act 2013 which mandates auditor rotation after two consecutive terms.
This is a routine governance matter with no direct impact on shareholders. The planned auditor rotation ensures compliance with statutory requirements and maintains audit independence.