Vadilal Industries Limited has informed the Exchange regarding Appointment of M/s. PricewaterhouseCoopers Services LLP as Internal auditors of the company w.e.f. October 01, 2025.
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Vadilal Industries' Board has approved two auditor appointments at its July 14, 2025 meeting. Walker Chandiok & Co LLP has been appointed as Statutory Auditors for five years starting from the conclusion of the 41st AGM, replacing the outgoing M/s. Arpit Patel & Associates whose term ends at the same AGM. PricewaterhouseCoopers Services LLP has been appointed as Internal Auditors for two years, effective October 1, 2025 to September 30, 2027. Both appointments were made on the recommendation of the Audit Committee, with the Statutory Auditor appointment subject to shareholder approval. The change in statutory auditor is a routine end-of-term transition, not a mid-term exit.
This is a routine governance update with no material impact on shareholders. The replacement of the statutory auditor with a larger, more established firm (Walker Chandiok, part of a major global network) and engagement of PwC for internal audit may strengthen audit quality and corporate governance, but is unlikely to move the stock price.