Solar Industries India Limited has approved the appointment of M/s Price Waterhouse Chartered Accountants LLP as a new joint statutory auditor alongside the re-appointment of M/s Gandhi Rathi & Co. The new joint auditors will serve for a term of five years, commencing from the conclusion of the 32nd Annual General Meeting in 2027 until the 37th AGM in 2032, subject to shareholder approval. This change aims to strengthen audit oversight.
Solar Industries India Appoints Joint Statutory Auditors
Solar Industries India Limited announced today, November 3, 2026, the approval by its Board of Directors for the appointment of new joint statutory auditors. This decision, based on the recommendation of the Audit Committee, aims to enhance the company’s financial oversight and audit processes.
New Auditors and Re-appointment
The Board has approved the appointment of M/s Price Waterhouse Chartered Accountants LLP as a statutory auditor. They will be joining M/s Gandhi Rathi & Co., who have been re-appointed as joint statutory auditors. This move signifies a strategic decision to bring in a new, reputable firm to work alongside the existing auditors.
Audit Tenure and Terms
The appointment of M/s Price Waterhouse Chartered Accountants LLP is in place of the retiring statutory auditor, M/s SRBC & Co. LLP. The re-appointment of M/s Gandhi Rathi & Co. is for their second term. Both firms will collectively serve as joint statutory auditors for a period of five years. This tenure is set to commence from the conclusion of the 32nd Annual General Meeting (AGM) in 2027 and will extend until the conclusion of the 37th AGM in 2032. This significant term requires the approval of the company’s shareholders.
Transition and Ongoing Audit
M/s SRBC & Co. LLP will continue their audit responsibilities for the company and its subsidiary until the conclusion of the 32nd AGM, marking the completion of their second consecutive five-year term. The detailed information regarding these appointments, as required by SEBI regulations, is provided in the annexure.
Source: BSE
