Raymond Limited Appoints Price Waterhouse as Statutory Auditors for 5 Years
Raymond Limited's Board has approved the appointment of Price Waterhouse Chartered Accountants LLP as Statutory Auditors for five years. This follows the completion of the term for M/s. Chaturvedi & Shah LLP. The appointment is subject to shareholder approval at the 101st AGM.
The change of statutory auditors is a significant governance event that impacts the company's financial reporting and oversight. The long tenure of five years suggests a stable relationship with the new auditors, but the change itself warrants attention.
The appointment of a new auditor is a routine corporate governance event and does not inherently suggest a positive or negative financial outlook for the company. It is a procedural change.
Raymond Limited announced a significant 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 follows the cessation of M/s. Chaturvedi & Shah LLP, who were appointed to fill a casual vacancy and will complete their term at the upcoming 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. The appointment of Price Waterhouse Chartered Accountants LLP is subject to the approval of the company's shareholders, as per Section 139 of the Companies Act, 2013. M/s. Chaturvedi & Shah LLP were initially appointed on December 2, 2025, to fill a casual vacancy.
Price Waterhouse Chartered Accountants LLP, established in 1991 and converted to an LLP in 2014, has its registered office in New Delhi and operates seventeen branch offices across India. The firm is a member of the Price Waterhouse & Affiliates network and holds a valid peer review certificate, auditing various listed companies.
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 medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Raymond Limited. Read the original for the full detail.