Strides Pharma Science Limited has informed the Exchange about change in Statutory Auditors of Material Subsidiary of the Company in UK.
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Strides Pharma Science has informed the stock exchanges that its wholly-owned UK subsidiary, Strides Arcolab International Limited (SAIL), has changed its statutory auditor. The previous auditor, MacIntyre Hudson LLP (MHA), has been replaced by MHA Audit Services LLP, effective April 8, 2025. The change is purely due to an internal restructuring within the MHA network, where the firm separated its audit practice from its non-audit services. The same audit team and network is continuing the work — it is essentially a procedural re-organisation, not a genuine switch to a new audit firm. The disclosure was delayed because SAIL sought clarifications from MHA, which were received only on July 25, 2025.
This is a routine, technical change with no material impact on shareholders. Since the new auditor belongs to the same MHA network and the same engagement team is continuing, there is no change in audit quality, continuity, or governance. Shareholders should not read this as any kind of red flag.