Tube Investments of India Limited has announced the resignation of its statutory auditors, M/s. Sundaram & Srinivasan, from its material subsidiary, TI Clean Mobility Private Limited (TICMPL). The resignation is effective from the conclusion of TICMPL’s 5th Annual General Meeting held on July 30, 2026. This move aims to align the auditor with the holding company, ensuring uniformity in audit processes across the group.
Auditor Resignation at TI Clean Mobility
Tube Investments of India Limited (TII) has formally informed stakeholders about the resignation of its statutory auditors, M/s. Sundaram & Srinivasan, from its material subsidiary, TI Clean Mobility Private Limited (TICMPL). This decision was made effective from the conclusion of TICMPL’s 5th Annual General Meeting, which took place on July 30, 2026.
Reason for Resignation
The primary driver behind this auditor resignation is the strategic objective to appoint a common auditor for both the holding company, TII, and its subsidiaries. This initiative is intended to foster greater uniformity in the audit process, practices, and procedures involved in the finalisation of accounts across the entire group. The firm registration number for the resigning auditors is 004207S.
Disclosure Requirements
In compliance with regulatory mandates, the necessary details pertaining to this auditor change, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been provided. These details, along with the auditor’s resignation letter, are enclosed as Annexures I and II, respectively, fulfilling all disclosure obligations.
Source: BSE
