Shriram Properties Appoints Abarna & Ananthan as Statutory Auditors for 5 Years
Shriram Properties Limited's Board of Directors has approved the appointment of M/s. Abarna & Ananthan as Statutory Auditors. They will serve for five years, starting from the 5th AGM post-IPO until the 10th AGM post-IPO. This appointment requires shareholder approval.
Changing statutory auditors is a standard procedure and typically has a low direct impact on the company's operations or financial performance.
The appointment of a new statutory auditor is a routine corporate governance action and does not inherently carry a positive or negative financial implication for the company.
Shriram Properties Limited announced the appointment of M/s. Abarna & Ananthan, Chartered Accountants, as the new Statutory Auditors of the company. This decision was made by the Board of Directors during their meeting held on July 23, 2026, which commenced at 11:30 A.M. and concluded at 11:55 A.M., based on the recommendations of the Audit Committee.
The appointment is in place of M/s Walker Chandiok & Co LLP, who are completing their two consecutive terms as per the Companies Act, 2013. M/s. Abarna & Ananthan will hold office for a term of five consecutive years, commencing from the conclusion of the 5th Annual General Meeting (AGM) post-IPO until the conclusion of the 10th AGM post-IPO. This appointment is subject to the approval of the company's shareholders at the upcoming AGM.
M/s. Abarna & Ananthan, established in 1987, is a firm registered with the Institute of Chartered Accountants of India (ICAI) and is empanelled with the Comptroller and Auditor General of India (CAG) and the Reserve Bank of India (RBI). The firm has 14 partners and operates across Bengaluru, Chennai, and Mumbai, possessing significant experience in assurance functions within the real estate sector and for listed companies.
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Shriram Properties 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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