India Homes appoints CGCA & Associates as statutory auditors for one year
- India Homes Limited appointed CGCA & Associates LLP as statutory auditors
- Appointment approved at 39th AGM on September 25, 2026
- Term lasts one year until the conclusion of the 40th AGM in 2027
- Previous auditor Laxmikant Kabra & Co LLP completed its second term
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India Homes Limited appointed M/s. CGCA & Associates LLP as its statutory auditors for a one-year term, following shareholder approval at the 39th Annual General Meeting held on September 25, 2026.
The appointment is effective from the conclusion of the 39th AGM until the conclusion of the 40th AGM scheduled for 2027. The remuneration for the firm was approved as detailed in the explanatory statement accompanying the AGM notice.
Auditor transition details
The change in auditors follows the completion of the second term by the previous firm, M/s. Laxmikant Kabra & Co LLP. The new appointment was recommended by the Audit Committee and subsequently ratified by shareholders during the annual meeting.
| Particular | Details |
|---|---|
| New Auditor | M/s. CGCA & Associates LLP |
| Firm Registration No. | 123393W/W100755 |
| Term Duration | One year (until 40th AGM) |
| Previous Auditor | M/s. Laxmikant Kabra & Co LLP |
Profile of new audit firm
M/s. CGCA & Associates LLP has been in operation since 2002. The firm specializes in corporate audits, including statutory and internal audits, Ind AS implementation, financial reporting, tax audits, and SEBI compliances. It also offers services in risk audit, due diligence, and management consultancy, serving both listed and unlisted clients.
The company confirmed that there is no relationship between the directors of India Homes and the newly appointed audit firm. This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for India Homes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.53% | -8.83% | +0.56% | +56.54% | +97.01% | +1,667.97% |
How might the change in statutory auditors influence India Homes Limited's financial reporting transparency and investor confidence in the upcoming fiscal year?
Will the new audit firm's specialization in Ind AS implementation lead to any restatements or adjustments in the company's historical financial statements?
What are the potential impacts on India Homes Limited's credit rating or borrowing costs given the transition to a new audit partner?
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