Arisinfra Solutions Auditor Price Waterhouse CA LLP Resigns
Arisinfra Solutions Limited's statutory auditor, Price Waterhouse Chartered Accountants LLP, has resigned effective May 14, 2026. The resignation stems from a fee disagreement, with the auditor unable to proceed at the reduced fee requested by the company. Audit reports for FY26 were already issued.
The resignation of a statutory auditor is a significant event that can affect investor confidence and may lead to a delay in future audits or require the company to find a new auditor, impacting corporate governance perceptions.
The resignation of a statutory auditor, especially due to a fee dispute, can raise concerns about the company's financial transparency and relationship with its auditors, potentially impacting investor confidence.
Arisinfra Solutions Limited (ARIS) has announced the resignation of its statutory auditor, M/s. Price Waterhouse Chartered Accountants LLP (PWCA LLP). The resignation is effective from May 14, 2026.
PWCA LLP, appointed on September 30, 2023, for a five-year term (FY2023-24 to FY2027-28), cited a disagreement over audit fees as the reason for their resignation. They had requested an increase in fees for the audit of the financial year ending March 31, 2027, considering the estimated effort involved. However, the company requested a significant reduction in fees compared to the previous year.
PWCA LLP stated that under these circumstances, they reassessed their ability to continue as auditor and would not be able to undertake the audit at the reduced fee. They confirmed that they had already issued their audit report dated May 08, 2026, on the standalone and consolidated financial statements for the year ended March 31, 2026, prior to their resignation.
The company has attached the resignation letter and other required details as per SEBI regulations. The resignation is effective immediately.
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