Lupin Limited has announced the recommendation of Deloitte Haskins & Sells Chartered Accountants LLP as its new statutory auditors. This follows the conclusion of the second consecutive five-year term served by the current auditors, B S R & Co. LLP. The appointment is subject to approval by the company’s members at the upcoming Forty-Fourth Annual General Meeting to be held in 2026.
Auditor Succession Plan
Following the successful completion of two consecutive five-year terms by B S R & Co. LLP, Lupin Limited has initiated a transition in its statutory auditing leadership. The company’s Audit Committee and Board of Directors have recommended the appointment of Deloitte Haskins & Sells Chartered Accountants LLP to take over these responsibilities.
Terms of Appointment
The proposed appointment of Deloitte is for an initial term of five consecutive years. The firm is slated to commence its duties from the conclusion of the Forty-Fourth Annual General Meeting (AGM) and will hold office until the conclusion of the Forty-Ninth AGM. The formal appointment remains subject to the final approval of shareholders during the next AGM.
About the New Statutory Auditor
The incoming firm, Deloitte Haskins & Sells Chartered Accountants LLP, brings extensive experience to the role. Originally constituted in 1997 and converted to its current LLP structure in June 2021, the firm is registered with the Institute of Chartered Accountants of India (ICAI). It operates as part of the broader Deloitte network, with its registered office located in Ahmedabad, India.
Source: BSE
