Unicommerce Esolutions Limited has informed the Exchange regarding Change in Auditors of the company.
UNIECOM · price
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The Board of Unicommerce eSolutions has appointed Price Waterhouse Chartered Accountants LLP as the new Statutory Auditor for a five-year term starting FY 2025-26 through FY 2029-30, subject to shareholder approval at the upcoming AGM. The previous auditor, S.R. Batliboi & Associates LLP, has signed off on the Q1 FY26 results, indicating a planned auditor rotation rather than a sudden change. The company also reported consolidated Q1 FY26 results with total income of Rs. 457.63 million and net profit of Rs. 38.90 million, up from Rs. 290.20 million in revenue a year ago (though year-ago figures are standalone and not strictly comparable due to Shipway consolidation). Standalone net profit came in at Rs. 63.60 million on revenue of Rs. 277.34 million. The company also disclosed ongoing acquisition of the remaining 57.24% stake in Shipway Technology via a share swap of 6,033,189 equity shares, awaiting stock exchange listing approval.
This is a routine auditor rotation with no signs of governance issues, and appointing a Big-4 firm (Price Waterhouse) may boost audit credibility. Financials show healthy year-on-year revenue and profit growth, which is mildly positive for shareholders. The pending Shipway share-swap share issuance could lead to some near-term dilution.