Raymond Limited Appoints Price Waterhouse as New Statutory Auditors
Raymond Limited's Board approved the appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for five years, starting after the 101st AGM. This follows the cessation of M/s. Chaturvedi & Shah LLP at the 101st AGM. Shareholder approval is pending.
Changing auditors is a standard governance practice and typically has a low direct impact on the company's operations or financial performance unless specific issues are highlighted.
The change in auditors is a routine corporate action and does not inherently signal positive or negative performance for the company.
Raymond Limited announced a change in its statutory auditors. The Board of Directors, based on the recommendation of the Audit Committee, has approved and recommended the appointment of M/s Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors.
This appointment is for a period of five consecutive years, commencing from the conclusion of the 101st Annual General Meeting (AGM) until the conclusion of the 106th AGM. This appointment is subject to the approval of the company's shareholders.
M/s. Chaturvedi & Shah LLP, who were appointed to fill a casual vacancy, will cease to be the auditors at the upcoming 101st AGM. The Board meeting where this decision was made commenced at 11:30 a.m. and concluded at 1:25 p.m. on May 5, 2026.
What to do with a filing like this
Raymond 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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