Ashok Leyland Limited has announced the appointment of Deloitte Haskins & Sells Chartered Accountant LLP as its new statutory auditors. This appointment will be for a period of five years, commencing from the conclusion of the 78th Annual General Meeting (AGM) in 2027 and extending until the conclusion of the 83rd AGM in 2032. This change follows the completion of the tenure of the current auditors, Price Waterhouse & Co.
Statutory Auditor Change Approved
Ashok Leyland Limited has approved the appointment of M/s Deloitte Haskins & Sells Chartered Accountant LLP as its new statutory auditors. The decision was made based on the recommendation of the Audit Committee and subsequently approved by the Board of Directors. This appointment is crucial for ensuring the company’s financial reporting integrity and compliance.
Appointment Tenure and Shareholder Approval
The new auditors, Deloitte Haskins & Sells Chartered Accountant LLP (Firm Registration No. 117364W/W100739), will serve for a period of 5 (five) consequent years. This term begins from the conclusion of the 78th Annual General Meeting (AGM), scheduled to be held in the year 2027, and will continue until the conclusion of the 83rd Annual General Meeting in the year 2032. The appointment is subject to the necessary approval from the company’s shareholders, which will be sought during the 78th AGM.
Reason for Change
The existing statutory auditors, Price Waterhouse & Co. Chartered Accountants LLP, will complete their 10-year tenure as Statutory Auditors of the company at the conclusion of the 78th Annual General Meeting in 2027. This marks the end of their service period, necessitating the appointment of a new audit firm.
About the New Auditors
Deloitte Haskins & Sells was established in 1997 and has since been converted into a Limited Liability Partnership (LLP), operating as Deloitte Haskins & Sells Chartered Accountants LLP since June 2, 2021. The firm is registered with the Institute of Chartered Accountants of India and is part of the Deloitte Haskins & Sells & Affiliates network. It comprises approximately 130 Partners and has offices across major Indian cities.
Source: BSE
