Swiggy Limited has informed the Exchange regarding Change in Auditors of the company.
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Swiggy Limited has informed the stock exchanges that its Board of Directors has approved the appointment of M/s. Walker Chandiok & Co LLP as the new Statutory Auditors, replacing the retiring auditors B S R & Co. LLP. The change is happening because the term of B S R & Co. LLP is expiring at the conclusion of the upcoming 12th Annual General Meeting (AGM). The new auditors are being appointed for a 5-year term, from the end of the 12th AGM until the conclusion of the 17th AGM, subject to shareholder approval. Walker Chandiok & Co LLP is a well-established firm, founded in 1935, with 16 offices across India and over 2,400 staff including 73 partners.
This is a routine change of statutory auditors triggered by the natural end of B S R & Co. LLP's term, not a mid-term resignation, which is a positive sign of stable governance. No immediate material impact on shareholders or stock price is expected as both are reputable audit firms.