Sundrop Brands Limited has informed the Exchange regarding Change in Auditors of the company.
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Sundrop Brands Limited informed the exchange that BSR & Co. LLP has resigned as statutory auditors of its material subsidiary Del Monte Foods Private Limited (DMFPL), effective August 5, 2025. The resignation was mid-term — BSR & Co. LLP had been appointed only on July 31, 2024 for a term running until March 31, 2029. The reason cited is to align DMFPL's auditors with those of the new holding company, following Sundrop's recent acquisition of Del Monte. No concerns or qualifications were raised by the outgoing auditor. To fill the casual vacancy, the board of DMFPL has appointed BSR and Co (a related firm within the BSR & Affiliates network registered with ICAI) as the new statutory auditor, until the next AGM, subject to shareholder approval.
This is a routine auditor realignment at the subsidiary level following Sundrop's acquisition of Del Monte, with no governance red flags. Since both firms belong to the same BSR & Affiliates network, continuity of audit quality is unlikely to be disrupted. No direct material impact on Sundrop's consolidated shareholders is expected.