NewsKEC International Appoints Deloitte Haskins & Sells LLP as Statutory Auditor for Five-Year TermKEC International Appoints Deloitte Haskins & Sells LLP as Statutory Auditor for Five-Year Term
KEC International's Board of Directors, at its meeting on May 16, 2026, approved the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP (Firm Registration No. 117364W/W-100739) as Statutory Auditor for five consecutive years, commencing from the conclusion of the 22nd AGM in 2027 until the 27th AGM in 2032, subject to member approval. The outgoing auditor, M/s. Price Waterhouse Chartered Accountants LLP, will continue until the conclusion of the 22nd AGM, having completed its second term of five consecutive years. Deloitte Haskins & Sells, constituted in 1997 and converted to an LLP on June 2, 2021, is registered with the ICAI and forms part of the Deloitte Haskins & Sells and Affiliates network.
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The Board of Directors of KEC International , at its meeting held on Saturday, May 16, 2026, approved the appointment of M/s. Deloitte Haskins & Sells Chartered Accountants LLP as the company's new Statutory Auditor. The decision was made based on the recommendation of the Audit Committee and is subject to approval by the members at the upcoming 22nd Annual General Meeting. The Board meeting commenced at 03:30 p.m. and concluded at 07:45 p.m. The intimation was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Auditor Appointment Details
The key details of the appointment, as disclosed under the SEBI Listing Regulations, are summarised below:
| Parameter: | Details |
|---|---|
| Incoming Auditor: | M/s. Deloitte Haskins & Sells Chartered Accountants LLP |
| Firm Registration No.: | 117364W/W-100739 |
| Appointment Term: | 5 (five) consecutive years |
| Term Commencement: | Conclusion of the 22nd AGM (to be held in 2027) |
| Term End: | Conclusion of the 27th AGM (to be held in 2032) |
| Subject To: | Approval of Members at the 22nd AGM |
| Outgoing Auditor: | M/s. Price Waterhouse Chartered Accountants LLP |
| Outgoing Firm Registration No.: | 012754N/N500016 |
| Outgoing Auditor Continuity: | Until conclusion of the 22nd AGM in 2027 |
Reason for Change
M/s. Price Waterhouse Chartered Accountants LLP, the current Statutory Auditor, will be completing its second term of five consecutive years at the conclusion of the 22nd AGM to be held in 2027. In view of this, the Board approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as the incoming Statutory Auditor for the subsequent five-year term. Price Waterhouse Chartered Accountants LLP will continue to undertake the audit of the company until the transition takes effect at the conclusion of the 22nd AGM.
Profile of Incoming Auditor
Deloitte Haskins & Sells was constituted in 1997 and was subsequently converted to a Limited Liability Partnership (LLP) under the name M/s. Deloitte Haskins & Sells Chartered Accountants LLP, with effect from June 2, 2021. The firm is registered with the Institute of Chartered Accountants of India (Registration No. 117364W/W100739) and is part of Deloitte Haskins & Sells and Affiliates, being the Network of Firms registered with the ICAI.
Regulatory Compliance
The disclosure was made pursuant to SEBI Listing Regulations read with SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The intimation was signed by Suraj Eksambekar, Company Secretary and Compliance Officer of KEC International, and submitted to both the National Stock Exchange of India Limited and BSE Limited.
Historical Stock Returns for KEC International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -11.11% | -18.47% | -13.75% | -38.40% | -39.34% | +24.69% |
How might Deloitte Haskins & Sells' audit methodology and reporting style differ from Price Waterhouse, and could this lead to any restatements or changes in KEC International's financial disclosures?
Will the transition to Deloitte as statutory auditor influence investor confidence or institutional interest in KEC International, particularly given the company's ongoing international infrastructure projects?
Could the auditor transition period until the 22nd AGM in 2027 create any governance or continuity risks, especially if KEC International pursues major acquisitions or capital raises during this window?
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