In a recent board meeting held on April 30, 2025, Greaves Cotton Limited has approved the appointment of M/s Price Waterhouse Chartered Accountants LLP as its new statutory auditor. This change follows the conclusion of M/s Deloitte Haskins & Sells LLP’s tenure, which has completed its statutory limit of two consecutive five-year terms.

Appointment Details

The decision to appoint Price Waterhouse was formally made during the Company’s Board of Directors meeting. The new auditor’s term is set to begin following the conclusion of the 106th Annual General Meeting (AGM) and will last until the conclusion of the 111th AGM, pending approval from the shareholders.

Governance Implications

This transition signifies a crucial step in maintaining independent oversight of the company’s financials. By adhering to the provisions set forth in the Company Act, 2013, which prohibits the re-appointment of any audit firm for more than two terms of five years, Greaves Cotton ensures compliance with regulatory standards.