Auditor14 Aug 2026, 05:21 pm
Rhi Magnesita India Ltd: New Statutory Auditors Appointed
AI Summary
Rhi Magnesita India Ltd announced the resignation of its statutory auditors, M/s Price Waterhouse Chartered Accountants LLP, and its wholly-owned subsidiary, RHI Magnesita India Refractories Limited (RHIMIRL), effective August 14, 2026. The resignation was to align the statutory auditor with the ultimate holding company. Concurrently, the Board approved the appointment of M/s. B S R & Co. LLP as the new statutory auditors for both companies, subject to member approval. B S R & Co. LLP is recommended for a five-year term for both entities, commencing from the conclusion of their respective 2026 Annual General Meetings.
Key Highlights
- Resignation of statutory auditors Price Waterhouse Chartered Accountants LLP accepted.
- B S R & Co. LLP appointed as new statutory auditors.
- New auditors appointed for Rhi Magnesita India and its subsidiary RHIMIRL.
- Appointment of new auditors is for a five-year term.
- Appointment subject to shareholder approval.
Price Impact
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