The Board of Directors of Lodha Developers Limited approved the appointment of M/s. Walker Chandiok & Co., LLP as the new Statutory Auditors for the company, succeeding M/s. MSKA & Associates LLP. This appointment is for a first term of five consecutive years, effective from FY 2026-27, pending shareholder approval at the upcoming 31st Annual General Meeting. The current auditors are completing their second five-year term.
Board Meeting Outcome: Auditor Change Approved
The Board of Directors of Lodha Developers Limited (formerly known as Macrotech Developers Limited) convened on March 30, 2026, and inter-alia approved the key proposal regarding the company’s statutory audit arrangements. The Board approved the appointment of M/s. Walker Chandiok & Co., LLP as the firm’s new Statutory Auditors.
Transition Details and Tenure
This change is necessitated as the incumbent auditors, M/s. MSKA & Associates LLP, are set to complete their second five-year term following the conclusion of the forthcoming 31st Annual General Meeting (AGM). The new appointment for M/s. Walker Chandiok & Co., LLP (Firm Registration No. 001076N/N500013) is approved for a first term of 5 consecutive years. This tenure will be effective starting from the conclusion of the 31st AGM up to the conclusion of the 36th AGM, contingent upon formal shareholder approval.
Profile of the Incoming Auditors
M/s. Walker Chandiok & Co LLP is a recognized firm of Chartered Accountants with registration from the ICAI, PCAOB, and empanelment with the CAG. Established in 1935, the firm has a significant national presence, including a New Delhi registered office and nineteen other locations. They possess a valid peer review certificate and are identified as one of India’s leading audit firms, serving numerous large and top-listed entities.
Meeting Summary
The Board Meeting commenced at 3.45 P.M. and concluded at 5.00 P.M. on the date of the announcement. The required details pertaining to this appointment, as stipulated under the relevant regulations, are detailed in Annexure-A of the disclosure.
Source: BSE
