W S Industries (I) Limited has informed the Exchange regarding Appointment of M/s.P.Chandrasekar LLP, Chartered Accountants as Other of the company w.e.f. August 23, 2025.
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The Board of W.S. Industries (India) Limited met on August 23, 2025 and approved the appointment of M/s. P. Chandrasekar LLP, Chartered Accountants (FRN: 000580S/S200066) as the new Statutory Auditors, filling a casual vacancy caused by the resignation of the existing auditors. The new auditors will also need shareholder approval at the upcoming AGM. The firm, established in 1988, has 11 partners and around 80 professionals across Chennai, Bangalore, Mumbai, and Hyderabad. The Board also approved director remuneration for July 2025 to September 2026, alteration of the MOA, related party transactions, the Board's Report for FY25, and fixed the 62nd AGM for September 23, 2025 via video conferencing.
The mid-term change of statutory auditors is a governance event that retail investors should note, as it may raise questions about the reasons behind the previous auditor's exit. The appointment of a larger, multi-city firm is a neutral-to-positive governance signal, but the casual-vacancy route warrants attention.