Asian Paints appoints S R B C & Co. LLP as statutory auditor for five years
Asian Paints Limited has appointed S R B C & Co. LLP as its statutory auditors for a five-year term effective from the conclusion of the 80th AGM held on July 9, 2026. The appointment, approved by shareholders, replaces Deloitte Haskins & Sells LLP following the completion of its two terms. The new firm, registered with the ICAI, is part of S. R. Batliboi & Affiliates.
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Asian Paints Limited has appointed S R B C & Co. LLP as its statutory auditors for a term of five years effective from the conclusion of the 80th Annual General Meeting (AGM) held on July 9, 2026. The appointment was approved by shareholders with the requisite majority, replacing Deloitte Haskins & Sells LLP, which ceased to hold office following the completion of its two consecutive five-year terms.
The Board of Directors had initially approved the appointment of S R B C & Co. LLP on March 26, 2026, based on the recommendation of the Audit Committee, subject to shareholder approval. The company has received the necessary consent, certificate of eligibility, and confirmation of non-disqualification from the new auditor in accordance with Sections 139 and 141 of the Companies Act, 2013.
S R B C & Co. LLP is a limited liability partnership firm registered with the Institute of Chartered Accountants of India (ICAI) under Firm Registration No. 324982E/E300003. The firm is part of S. R. Batliboi & Affiliates, a network of firms registered with the ICAI, and holds a valid peer review certificate.
Established in 2002, the firm operates from its registered office in Kolkata and maintains offices across key cities in India. Its network firms primarily provide audit and assurance services, tax consultancy, and financial accounting advisory services to listed and private companies across diverse market segments.
The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Particulars | Details |
|---|---|
| New Auditor | S R B C & Co. LLP |
| Firm Registration No. | 324982E/E300003 |
| Term | 5 years (from 80th AGM to 85th AGM) |
| Previous Auditor | Deloitte Haskins & Sells LLP |
| Reason for Change | Completion of two terms of 5 years each |
Historical Stock Returns for Asian Paints
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.03% | -1.44% | +2.06% | +12.44% | +6.60% | -9.29% |
How will the transition from Deloitte to S R B C & Co. LLP impact Asian Paints' internal audit processes and financial reporting timelines?
What cost implications, if any, will the change in statutory auditors have on Asian Paints' operational expenses over the next five years?
Will S R B C & Co. LLP introduce any new audit methodologies or focus areas that differ from the previous auditor's approach?
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