AuditorJul 23, 2026, 12:26 PM
Dr. Reddy's Appoints Deloitte as New Auditor
AI Summary
Dr. Reddy's Laboratories Limited announced the appointment of Deloitte Haskins & Sells, LLP as its new statutory auditors and Independent Registered Public Accounting Firm. This change is in compliance with the Indian Companies Act, 2013, which requires auditor rotation. Deloitte will serve for five consecutive years, subject to shareholder approval. The company confirmed there were no disagreements or reportable events with the previous auditor, Ernst & Young Associates LLP.
Key Highlights
- Dr. Reddy's appointed Deloitte Haskins & Sells, LLP as its new statutory auditors.
- Deloitte will serve for 5 consecutive years, from the 42nd to the 47th Annual General Meeting.
- The appointment is subject to shareholder approval.
- Deloitte will also serve as the Independent Registered Public Accounting Firm for SEC filings.
- Ernst & Young Associates LLP was the previous Independent Registered Public Accounting Firm.
- There were no adverse opinions or disagreements with EY for fiscal years ended March 31, 2026 and 2025.
- The company did not consult Deloitte on accounting principles or audit opinions prior to their appointment.
Price Impact
More from RDY