Haleos Labs Appoints Suryanarayana & Suresh as Statutory Auditors for 5 Years
Haleos Labs Limited has appointed Suryanarayana & Suresh as statutory auditors for a five-year term, starting from the 20th AGM until the 25th AGM. Annapragada & Co. has been reappointed as Cost Auditors for FY 2026-27. Both appointments are subject to shareholder approval.
The appointment of statutory auditors is a crucial governance function. A change in auditors, especially for a five-year term, has a medium-term impact on corporate governance and financial reporting oversight.
The change of auditors is a routine corporate governance event and does not inherently suggest a positive or negative outlook for the company.
Haleos Labs Limited announced a significant change in its auditing team following a Board of Directors meeting held on May 29, 2026. The Board, acting on the recommendation of the Audit Committee, has approved the appointment of Suryanarayana & Suresh, Chartered Accountants (firm registration No. 0066315), as the new statutory auditors.
This appointment is for a term of five consecutive years, commencing from the conclusion of the 20th Annual General Meeting until the conclusion of the 25th Annual General Meeting of the Company. This change is necessitated as the existing statutory auditors, Rambabu & Co. Chartered Accountants, will be completing their second term in the upcoming 20th AGM, which is proposed to be held in the financial year 2026-27. The appointment is subject to the approval of the shareholders.
Additionally, the Board has approved the reappointment of Annapragada & Co. (formerly known as "Harshitha Annapragada & Co.") as the Cost Auditors for the financial year 2026-27. This reappointment is in accordance with Section 148 of the Companies Act, 2013, and its associated rules. The remuneration for the Cost Auditors will be subject to shareholder approval at the 20th Annual General Meeting. The company has also made this information available on its website, www.haleoslabs.com.
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HALEOS LABS 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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