Divgi Torqtransfer Systems Appoints Kirtane & Pandit LLP as New Auditors for 5 Years
Divgi TorqTransfer Systems Limited has appointed Kirtane & Pandit LLP as its new Statutory Auditors for a five-year term, starting after the 61st AGM. This appointment is subject to member approval at the upcoming AGM.
Changing auditors is a significant corporate governance event that can impact investor confidence and requires member approval.
The change in auditors is a routine corporate action and does not inherently indicate positive or negative performance for the company.
Divgi TorqTransfer Systems Limited announced a significant change in its auditing firm. The Board of Directors, during their meeting on August 11, 2026, approved the appointment of M/s Kirtane & Pandit LLP, Chartered Accountants, as the company's new Statutory Auditors.
This appointment is for a term of five consecutive years, commencing from the conclusion of the 61st Annual General Meeting (AGM) until the conclusion of the 66th AGM. The decision was made based on the recommendation of the Audit Committee. The previous auditors could not continue their tenure due to a conflict of interest arising from their role as internal auditors.
The appointment of Kirtane & Pandit LLP is subject to the approval of the company's members at the upcoming 61st AGM. Kirtane & Pandit LLP is a well-established accounting, auditing, and consulting firm with over 70 years of experience, known for providing assurance, accounting, and advisory services to listed companies across various industries.
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Divgi Torqtransfer Systems 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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