Signatureglobal (India) Limited has announced the resignation of M/s. Walker Chandiok & Co LLP as the statutory auditors for its three material subsidiaries: Sternal Buildcon Limited, Signature Infrabuild Limited, and Signatureglobal Homes Limited. This move, effective from 12th August, 2026, aims to align the auditors of these subsidiaries with those of the parent company for consistency in the audit process across the group. The resignations were accepted without any concerns raised by the auditors.
Auditor Resignations Across Key Subsidiaries
Signatureglobal (India) Limited has formally informed stock exchanges about the resignation of its statutory auditors, M/s. Walker Chandiok & Co LLP, from three of its material subsidiaries. The affected entities include Sternal Buildcon Limited, Signature Infrabuild Limited, and Signatureglobal Homes Limited. The resignations were communicated via letters dated 12th August, 2026.
Reason for Resignation: Audit Alignment
The primary reason cited for these resignations is the strategic decision to align the statutory auditors of the material subsidiaries with those appointed for the parent company, Signatureglobal (India) Limited. This initiative is intended to foster greater consistency and uniformity throughout the group’s audit processes. The auditors, M/s. Walker Chandiok & Co LLP, have not raised any concerns regarding their resignations.
Disclosure and Information
As per the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailed information regarding the resignations, including the auditors’ reports and relevant correspondence, has been provided. The company has confirmed that no deliberation by the Audit Committee was required and that the auditors had no concerns that would necessitate further disclosure. The specific details of the resignations and the auditors’ information are annexed to the official filing.
Auditor’s Role and Tenure
The auditors, Walker Chandiok & Co LLP, were appointed for a term of five years. They had issued their latest audit report on 11th May, 2026, for the financial year ended 31st March, 2026, and a limited review report on 4th August, 2026, for the quarter ended 30th June, 2026. Their resignation was requested by the company’s management before the expiry of their term to achieve the stated audit alignment.
Source: BSE
