Belrise Industries Appoints Shailesh Haribhakti & Associates and Rathi Rathi & Co as Joint Statutory Auditors
Belrise Industries' Board approved the appointment of M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co. as Joint Statutory Auditors for a five-year term starting FY27. This follows the expiry of the current auditor's term at the upcoming AGM.
The appointment of statutory auditors is a critical governance function. The reputation and experience of the new joint auditors may influence investor confidence.
The change in auditors is a routine corporate action and does not inherently indicate positive or negative performance for the company.
Belrise Industries Limited announced a significant change in its statutory auditors. The term of the current statutory auditor, M/s. GSA & Associates LLP, is set to expire at the upcoming Annual General Meeting (AGM).
Following a recommendation from the Audit Committee, the Board of Directors, in a meeting held on September 8, 2026, has proposed the appointment of M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co. as Joint Statutory Auditors. This appointment is for a first term of five consecutive years, commencing from the Financial Year 2026-27 and extending to the Financial Year 2030-31. The new auditors will hold office from the conclusion of the 30th AGM until the conclusion of the 35th AGM, which is expected to be held in the Financial Year 2031-32, subject to shareholder approval.
M/s. Shailesh Haribhakti & Associates is a well-regarded chartered accountancy firm led by Mr. Shailesh Haribhakti, a seasoned professional with over five decades of experience in audit, accounting, and corporate governance. M/s. Rathi Rathi & Co, established in 2012, is an audit firm with a team of over 170 professionals across four offices in India, possessing capabilities in statutory audit, internal audit, and tax audit.
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Belrise Industries Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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