Shadowfax Appoints S.R. Batliboi as Statutory Auditor, Renews Grant Thornton as Internal Auditor
Shadowfax Technologies Limited appointed S.R. Batliboi & Associates LLP as Statutory Auditor for five years, starting after the 11th AGM until the 16th AGM (FY2030-31). The company also re-appointed Grant Thornton Bharat LLP as Internal Auditors for FY2026-27. Both appointments were approved by the Board on May 14, 2026.
The change in statutory auditors is a significant corporate governance event that can impact investor confidence and the perceived reliability of financial reporting. The long tenure of the new statutory auditor suggests a stable future relationship.
The announcement is a routine corporate action regarding the appointment and re-appointment of auditors. While it involves significant firms, it does not inherently signal a positive or negative change in the company's financial performance or strategic direction.
Shadowfax Technologies Limited announced on May 14, 2026, that its Board of Directors has approved the appointment of M/s S.R. Batliboi & Associates LLP as the new Statutory Auditor. This appointment is for a term of five consecutive years, commencing from the conclusion of the 11th Annual General Meeting (AGM) for the financial year 2025-26, and will extend until the conclusion of the 16th AGM for the financial year 2030-31. This appointment is subject to shareholder approval at the upcoming 11th AGM.
The current Statutory Auditors, M/s. B S R & Co. LLP, were appointed for a second five-year term in the 6th AGM on November 29, 2021, and will retire at the upcoming 11th AGM. The Board's decision to appoint S.R. Batliboi & Associates LLP was made based on the recommendation of the Audit Committee.
In addition, the Board has approved the re-appointment of M/s Grant Thornton Bharat LLP as the Internal Auditors for the Financial Year 2026-27. The firm brings extensive experience in risk consulting and internal audits across various sectors. M/s S.R. Batliboi & Associates LLP is a well-established firm with a significant presence across India, specializing in audit and assurance services for a diverse range of listed and private companies.
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Shadowfax Technologies 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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