Lodha Developers Appoints Walker Chandiok & Co., LLP as New Statutory Auditors
Lodha Developers Limited's Board approved the appointment of M/s. Walker Chandiok & Co., LLP as Statutory Auditors for a 5-year term starting FY2026-27. This follows the retirement of M/s. MSKA & Associates LLP at the 31st AGM. Shareholder approval is pending.
The change in statutory auditor is a standard procedure as per regulatory norms and does not immediately impact the company's operations or financial performance. It's a compliance-driven event.
The appointment of a new statutory auditor is a routine corporate governance event and does not inherently carry positive or negative financial implications. The company is following standard procedures for auditor rotation.
Lodha Developers Limited announced that its Board of Directors, in a meeting held on March 30, 2026, approved the appointment of M/s. Walker Chandiok & Co., LLP as the Company's new Statutory Auditors.
The current Statutory Auditors, M/s. MSKA & Associates LLP, will complete their second five-year term at the upcoming 31st Annual General Meeting (AGM). Following a recommendation from the Audit Committee, the Board has proposed Walker Chandiok & Co., LLP to serve for an initial term of 5 consecutive years, commencing from the financial year 2026-27. This appointment is effective from the conclusion of the 31st AGM until the conclusion of the 36th AGM, subject to shareholder approval at the upcoming AGM.
M/s. Walker Chandiok & Co., LLP is a well-established firm of Chartered Accountants, established in 1935, with a significant presence across India and a strong reputation for audit and assurance services to large listed entities. The Board meeting commenced at 3:45 P.M. and concluded at 5:00 P.M.
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Lodha Developers 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 low impact, the band that almost never moves a portfolio on its own.
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