Appointment of M/s. BSR & Co. LLP, Chartered Accountants as the Statutory Auditors of the Company
URBANCO · price
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Urban Company Ltd has announced the appointment of M/s. BSR & Co. LLP, Chartered Accountants as its new Statutory Auditors for a 5-year term. The appointment is based on the recommendation of the Audit Committee and is subject to approval by shareholders at the ensuing Annual General Meeting. The current auditors, M/s. Price Waterhouse & Co Chartered Accountants LLP, are completing their term at the conclusion of the 12th AGM. The new auditors will hold office from the conclusion of the 12th AGM until the conclusion of the 17th AGM. BSR & Co. LLP is a limited liability partnership firm of Chartered Accountants registered with ICAI, with its registered office in Mumbai.
This is a routine auditor rotation following the completion of the previous auditor's term. It is a standard corporate governance practice and is unlikely to have any direct impact on the stock price. Shareholders will vote on this appointment at the AGM.