Symphony Limited has informed the Exchange regarding Change in Auditors of the company.
SYMPHONY · price
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Symphony Limited has informed the stock exchanges that the Board has approved the appointment of M/s. B S R & Co. LLP as the new Statutory Auditor, replacing M/s. Deloitte Haskins and Sells. Deloitte's second consecutive five-year term is ending at the upcoming 38th Annual General Meeting, in line with the maximum tenure allowed under the Companies Act. B S R & Co. LLP, a large firm with 140+ partners and 4,000+ staff, has been appointed for a five-year term from the 38th AGM until the 43rd AGM, subject to shareholder approval. This is a routine auditor rotation and not a mid-term change.
This is a routine, regulatory-mandated auditor rotation and is unlikely to have any material impact on the stock. B S R & Co. LLP is a well-established firm with experience auditing listed consumer durables companies, suggesting continuity in audit quality.