Viceroy Hotels Subsidiary Appoints New Auditors Amidst Resignation
Viceroy Hotels Limited's subsidiary, SLN Terminus Hotels & Resorts Private Limited, has appointed M/s. KGM & Co. as its new statutory auditors. This follows the resignation of M/s. Dhanunjaya & Haranath, citing management changes and resource reallocation post-acquisition by Viceroy Hotels. Dhanunjaya & Haranath will complete their audit for FY26 and review for Q1 FY27.
The change of auditors for a subsidiary is a standard procedural event and is unlikely to have a significant direct impact on the parent company's overall operations or financial performance.
The change in auditors is a routine corporate action and does not inherently suggest positive or negative performance for the company.
Viceroy Hotels Limited has disclosed a change in its statutory auditors for its wholly-owned material subsidiary, SLN Terminus Hotels & Resorts Private Limited.
M/s. Dhanunjaya & Haranath, Chartered Accountants, have resigned from their position as statutory auditors of the subsidiary. The resignation is attributed to a change in management following the acquisition by Viceroy Hotels Limited and a strategic reallocation of resources within the group.
Dhanunjaya & Haranath have confirmed that they will issue their limited review report for the quarter ended June 30, 2026, and have completed the audit for the financial year 2025-26, issuing their report thereon. Their resignation becomes effective upon the issuance of the review report for the quarter ended June 30, 2026. They stated there are no other material reasons for their resignation and no circumstances they believe should be brought to the notice of shareholders or creditors.
Concurrently, the Board of Directors of SLN Terminus Hotels & Resorts Private Limited, at their meeting held on July 31, 2026, have approved and recommended the appointment of M/s. KGM & Co., Chartered Accountants, to fill the casual vacancy caused by the resignation. KGM & Co. will serve as the statutory auditors until the conclusion of the subsidiary's 12th Annual General Meeting and for five years thereafter, subject to shareholder approval. KGM & Co. is a Hyderabad-based firm with over 15 years of experience.
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Viceroy Hotels 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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See the model portfoliosA plain-language summary of a public exchange filing by Viceroy Hotels Limited. Read the original for the full detail.