Syngene subsidiary auditor BSR & Co resigns over mandatory rotation
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BSR & Co. LLP has resigned as statutory auditor of Syngene Scientific Solutions Limited, a material subsidiary of Syngene International, effective 7 July 2026, ahead of completing its term which was scheduled to run until the 6th AGM after FY ending 31 March 2028. Reason: management wants to align the subsidiary's auditors with the holding company's auditors because BSR & Co faces mandatory rotation under the Companies Act 2013 at the Syngene International level. The auditor completed the FY26 audit on 28 April 2026 and flagged no concerns or qualifications. This is a material subsidiary, so the change is disclosed under SEBI rules.
Procedural change driven by mandatory audit firm rotation rules, not a governance red flag. No qualifications or disputes raised. Likely neutral for shareholders.