Statutory Auditor Kalyaniwalla & Mistry LLP Resigns Over Fee Dispute

Auditor Resigned MidtermManagement Changes View source PDF

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AI summary

Sanofi Consumer Healthcare India informed exchanges that Kalyaniwalla & Mistry LLP has resigned as statutory auditor effective April 30, 2026, midway through its 5-year term (appointed April 2024, running till FY2029 AGM). The auditor sought a fee increase for FY2026 audit, but the company declined, making it not commercially viable for the firm to continue. The auditor confirmed the resignation is not due to any inability to obtain sufficient audit evidence or any other concerns requiring Board attention.

Likely market impact

Mid-term auditor exit due to a fee disagreement is a routine commercial matter; no governance red flags flagged, but a new auditor must be appointed soon.