The Board of Directors of Laurus Labs, following the Audit Committee’s recommendation on March 12, 2026, has approved the appointment of S.R. Batliboi & Associates LLP as the new Statutory Auditors. This appointment is for a five-year term, starting after the 22nd AGM in 2027 and concluding after the 27th AGM in 2032. This move is contingent upon shareholder approval at the upcoming 22nd Annual General Meeting.
Change in Statutory Auditor Appointment
Laurus Labs announced on March 12, 2026, a key governance decision regarding its statutory auditing firm. The Board of Directors, having received the recommendation from the Audit Committee, has proposed the appointment of S.R. Batliboi & Associates LLP as the Statutory Auditors of the Company.
Tenure and Conditions
The proposed tenure for the new auditors is substantial, covering five consecutive years. This term will commence from the conclusion of the 22nd Annual General Meeting (AGM) scheduled to be held in the year 2027 and will extend until the conclusion of the 27th AGM in the year 2032. The final appointment is subject to the formal approval of the Company’s members at the 22nd AGM.
This transition follows the current auditors, Deloitte Haskins & Sells LLP, who will complete their second term upon the conclusion of the 22nd AGM in 2027.
Profile of S.R. Batliboi & Associates LLP
S. R. Batliboi & Associates LLP, established in India in 1949 with its main office in Kolkata, is a significant chartered accountancy firm registered with the ICAI (Firm Registration No. 101049W/E300004). Their extensive network, which includes entities like S.R. Batliboi & Co LLP, focuses primarily on providing audit and assurance services to a wide variety of clients. Their portfolio spans diverse sectors, including Pharmaceutical, Industrial, Infrastructure, Consumer Products, Financial Services, Technology, and Media.
Meeting Details
The decision was ratified during a Board Meeting that convened at 06:00 p.m (IST) and concluded shortly thereafter at 06:35 p.m. (IST) on the date of the announcement.
Source: BSE
