Welspun Enterprises Limited has informed the Exchange regarding Change in Auditors of the company.
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Welspun Enterprises has reshuffled its auditors following its May 15, 2025 board meeting. M/s. Suresh Surana & Associates LLP will replace M/s. MGB & Co. LLP as the new Statutory Auditor for a 5-year term, since MGB has completed two consecutive 5-year terms as required under the Companies Act. Deloitte Touche Tohmatsu India LLP has been appointed as the Internal Auditor for FY2025-26 to FY2027-28, and Mihen Halani & Associates as the new Secretarial Auditor for five years. Cost Auditor Kiran J. Mehta & Co. and Tax Auditor Sureka & Associates have been re-appointed for FY2025-26. Separately, the board has sought shareholder approval to raise up to Rs. 1,000 Crore through private placement, preferential allotment, or QIP in one or more tranches, with no specific instrument decided yet.
The auditor change is a routine, regulation-driven rotation (not a mid-term resignation), so governance continuity is maintained. The Rs. 1,000 Crore fund-raising proposal is an enabling approval only — it could be dilutive if ultimately executed as equity, but no specific securities or pricing have been decided, so the actual impact will depend on the final structure and timing.