Auditor12 May 2026, 06:11 pm
Ramkrishna Forgings: Subsidiary Auditor Resigns, Effective May 12, 2026
AI Summary
S R Batliboi & Co. LLP resigned as the Statutory Auditors of Ramkrishna Titagarh Rail Wheels Limited (RTRWL), a material subsidiary of Ramkrishna Forgings, effective May 12, 2026. The resignation is due to RTRWL becoming material to Titagarh Rail Systems Limited (TRSL), requiring RTRWL's auditor to be independent of TRSL. S R Batliboi provides non-audit services to TRSL, creating a conflict. The audit for FY26 is complete, and no concerns were raised regarding RTRWL's management.
Key Highlights
- S R Batliboi & Co. LLP resigned as Statutory Auditors of Ramkrishna Titagarh Rail Wheels Limited (RTRWL).
- Resignation effective May 12, 2026, due to independence requirements related to Titagarh Rail Systems Limited (TRSL).
- S R Batliboi provides non-audit services to TRSL, creating a conflict of interest.
- Audit for FY26 completed with no concerns raised about RTRWL's management.
- The resignation complies with SEBI regulations and Companies Act, 2013.
Price Impact
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