Announced Thu, 23 Jul · 12:05 IST
Shriram Properties appoints new statutory auditor
Management Changes View source PDF
SHRIRAMPPS · price
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Price reaction · full curve 14 horizons · vs prior close
-0.2%1-day move
₹85.18
prior close
₹84.36
base price
In-mkt
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AI summary
Shriram Properties has appointed M/s. Abarna and Ananthan, Chartered Accountants as its new statutory auditor, replacing M/s Walker Chandiok and Co LLP which completed two consecutive terms as required by the Companies Act 2013. The new auditor, established in 1987 with 14 partners across Bengaluru, Chennai and Mumbai, will serve for 5 years from the 5th AGM to the 10th AGM post IPO, subject to shareholder approval.
Likely market impact
Routine auditor rotation after completing two consecutive terms. No governance concerns. Shareholder approval pending at the upcoming AGM.