Raymond Limited announced the resignation of its statutory auditor, Walker Chandiok & Co LLP, effective November 14, 2025. The resignation was attributed to the auditor’s inability to ensure sufficient direct audit participation in the consolidated operations as required by auditing standards. Walker Chandiok & Co LLP will continue to serve as the statutory auditor for Raymond Lifestyle Limited and Raymond Realty Limited.
Auditor Resignation Details
Raymond Limited has announced the resignation of Walker Chandiok & Co LLP from their position as Statutory Auditors of the company. The resignation is effective as of November 14, 2025, following a letter received by Raymond Limited on the same day at 4:59 p.m.
Reason for Resignation
According to the announcement, the reason for the resignation centers around limitations regarding direct audit participation in the company’s consolidated operations. As a result, Walker Chandiok & Co LLP stated they are unable to fulfill their responsibilities as the principal auditor, conforming to the standards of Auditing (SA) 600.
Ongoing Engagements
Despite the resignation from Raymond Limited, Walker Chandiok & Co LLP will continue their role as the Statutory Auditors of both Raymond Lifestyle Limited and Raymond Realty Limited. The company has stated that the audit committee was not required to deliberate on the matter.
Source: BSE