KSB Limited Appoints B S R & Co. LLP as New Statutory Auditor
KSB Limited's Board accepted the resignation of Price Waterhouse Chartered Accountants, LLP. B S R & Co. LLP has been appointed as the new Statutory Auditor, subject to shareholder approval. The appointment is for a five-year term. The Board meeting was held on April 30, 2026.
A change in statutory auditors can have a medium-term impact on corporate governance and financial reporting processes, requiring new relationships and familiarization.
The change of auditors is a routine corporate action and does not inherently imply positive or negative financial impact. The reasons provided are business-related.
KSB Limited announced a change in its statutory auditors following the resignation of M/s Price Waterhouse Chartered Accountants, LLP, Pune. The Board of Directors accepted the resignation at a meeting held on April 30, 2026. Price Waterhouse Chartered Accountants, LLP, cited a management request to align with the auditors of the intermediate holding company outside India as the reason for their resignation.
The company's Board and Audit Committee expressed appreciation for the services rendered by the outgoing auditors. Subsequently, based on the recommendation of the Audit Committee, the Board approved the appointment of M/s B S R & Co. LLP as the new Statutory Auditor. This appointment is to fill the casual vacancy and is subject to shareholder approval at the upcoming 66th Annual General Meeting. B S R & Co. LLP will hold the office from the conclusion of the 66th AGM until the conclusion of the 71st AGM, a term of five years.
The Board meeting commenced at 12 p.m. (IST) and concluded at 2.45 p.m. (IST) on April 30, 2026. The change in auditors and the appointment of the new auditor will be hosted on the company's website.
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