Urban Company Limited has informed the Exchange regarding Change in Auditors of the company.
URBANCO · price
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Urban Company Limited has announced the appointment of M/s. BSR & Co. LLP, Chartered Accountants as the new Statutory Auditors for a term of 5 years. The appointment follows the completion of term by the current auditors, M/s. Price Waterhouse & Co Chartered Accountants LLP, who will step down at the conclusion of the ensuing 12th AGM. The new appointment will be effective from the conclusion of the 12th AGM until the conclusion of the 17th AGM. The appointment is subject to approval by shareholders at the ensuing AGM and has been recommended by the Audit Committee.
This represents a routine auditor rotation following the completion of the current auditor's term. The change is planned and shareholder-approved, indicating standard corporate governance practice with no concerns for investors.