Auditor28 Oct 2026, 09:51 pm
Raymond Realty: Joint Statutory Auditor Chaturvedi & Shah LLP Resigns
AI Summary
Raymond Realty Limited has announced the resignation of M/s. Chaturvedi & Shah LLP as one of its Joint Statutory Auditors. The resignation, effective October 28, 2026, was submitted by the auditors citing a disagreement over audit fees. They had requested a revision in fees to align with the expanded scope and responsibilities due to the company's listed status. Raymond Realty was unable to revise the proposed fees, leading to the auditors' decision to resign. The auditors stated they have no concerns regarding the company's management or the circumstances of their resignation. M/s. Walker Chandiok & Co. LLP continues as the other Joint Statutory Auditor.
Key Highlights
- Joint Statutory Auditor M/s. Chaturvedi & Shah LLP has resigned.
- Resignation is due to a fee dispute related to expanded audit scope.
- Raymond Realty was unable to meet the auditors' revised fee request.
- No concerns raised by the resigning auditors regarding management.
- M/s. Walker Chandiok & Co. LLP remains the company's statutory auditor.
Price Impact
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