Board approves Q3FY25 results and appoints Price Waterhouse as Statutory Auditors
Schaeffler India's Board approved Q3FY25 unaudited financial results and appointed Price Waterhouse as Statutory Auditors for five years, subject to shareholder approval at the 2026 AGM.
The approval of quarterly results is a regular event, and the appointment of a new statutory auditor, while important for corporate governance and compliance, is generally a procedural change unless there were prior issues with the previous auditor or unexpected changes. Without financial details, the immediate market impact is likely moderate.
The announcement primarily details routine corporate governance actions: the approval of quarterly financial results and the appointment of statutory auditors. No specific financial performance figures or forward-looking statements are provided to indicate a positive or negative outlook.
Schaeffler India Limited's Board of Directors, at its meeting held on Friday, October 31, 2025, approved the following: * Unaudited (Standalone and Consolidated) Financial Results for the quarter ended September 30, 2025. * Appointment of Price Waterhouse, Chartered Accountants LLP (FRN 012754N/N500016), as the Statutory Auditors of the Company for five consecutive years. Their term will commence from the 63rd Annual General Meeting (AGM) and extend up to the conclusion of the 68th AGM. This appointment is subject to the approval of the Company's shareholders at the ensuing AGM to be held in the year 2026. The Board Meeting commenced at 13:30 hours IST and concluded at 16:15 hours IST on October 31, 2025.
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Schaeffler India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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See the model portfoliosA plain-language summary of a public exchange filing by Schaeffler India Limited. Read the original for the full detail.