Samvardhana Motherson International Limited has announced a transition in its statutory audit leadership. Following the recommendation of the Audit Committee, the Board of Directors has approved the appointment of B S R & Co. LLP as the new Statutory Auditors. This change will take effect starting from the conclusion of the company’s 40th Annual General Meeting in 2027, following the completion of the current auditor’s second consecutive five-year term.
Audit Leadership Transition
Samvardhana Motherson International Limited is set for a change in its independent audit firm. The company has officially appointed B S R & Co. LLP (ICAI Firm Registration No. 101248W/W-100022) to serve as the new Statutory Auditors. The transition is scheduled to occur upon the conclusion of the company’s 40th Annual General Meeting, which is slated to be held in 2027.
Appointment Timeline
The newly appointed firm will serve an initial term of five years. This tenure is set to commence from the conclusion of the 2027 Annual General Meeting and will continue until the end of the 45th Annual General Meeting in 2032. This appointment remains subject to final approval by the shareholders.
Continuity of Audit Services
The current auditor, S. R. Batliboi & Co. LLP, will continue to manage the company’s financial audits for the interim period. Their engagement is confirmed until the conclusion of the 40th Annual General Meeting in 2027, marking the successful completion of their second consecutive five-year term of service.
About the New Audit Firm
B S R & Co. LLP brings extensive experience to the role, having been constituted as a partnership firm in 1990 before converting to a limited liability partnership in 2013. The firm maintains a significant presence in India with over 4,000 staff members and 170 partners operating across 14 locations, serving a diverse portfolio of publicly listed companies.
Source: BSE
