Walker Chandiok & Co LLP Resigns as Raymond Limited's Statutory Auditor
Walker Chandiok & Co LLP resigned as Raymond Limited's Statutory Auditors on November 14, 2025, citing insufficient direct audit participation in consolidated operations as per SA 600.
The resignation is for technical reasons related to audit standards (SA 600), not due to any financial irregularities or disputes. The company has clarified that no concerns were raised, and the auditor continues with subsidiaries, minimizing immediate negative impact on the company.
The resignation of the statutory auditor, M/s. Walker Chandiok & Co LLP, is due to their inability to act as the principal auditor for consolidated operations as per SA 600, not due to any concerns about the company's management or financial reporting. This suggests a procedural change rather than a negative reflection on Raymond.
* M/s. Walker Chandiok & Co LLP, Chartered Accountants (Firm Registration No. 001076N/N500013), resigned from the office of Statutory Auditors of Raymond Limited via a letter dated November 14, 2025, received on the same day at 4:59 p.m. * The reason for resignation was cited as
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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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