Orient Electric Limited has appointed M/s. Price Waterhouse Chartered Accountants LLP as its statutory auditors for a term of five years, effective from the conclusion of its 10th Annual General Meeting (AGM) held on July 22, 2026. This appointment marks a mandatory rotation under the Companies Act, 2013, following the completion of the permissible two terms by the previous statutory auditors, M/s. S. R. Batliboi & Co. LLP.

The transition was ratified by shareholders during the AGM, where they approved the appointment of Price Waterhouse for its first term of five consecutive years. The outgoing auditors, M/s. S. R. Batliboi & Co. LLP, hold ICAI Firm Registration Number 301003E/E300005 and concluded their tenure with the company on July 22, 2026.

The company disclosed the change in statutory auditors to the National Stock Exchange of India Limited and BSE Limited on July 23, 2026. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment ensures continuity in financial oversight and regulatory compliance for Orient Electric. The new auditors will be responsible for auditing the company's financial statements and ensuring adherence to accounting standards and corporate governance norms for the next five fiscal years.

Orient Electric declared a final dividend of Rs 0.75 per equity share for the financial year ended March 31, 2026, during its 10th Annual General Meeting held on July 22, 2026. The meeting, conducted via Video Conference, also confirmed the interim dividend of Rs 0.75 per share already paid during the financial year 2025-26. Shareholders approved the audited financial statements for the year and the reports of the Board of Directors and auditors.

The Chairman, Mr. CK Birla, presided over the meeting, which commenced at 3:30 p.m. and concluded at 4:20 p.m. The Board recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors, replacing the outgoing auditors, S. R. Batliboi & Co. LLP. The resolutions were passed subject to the receipt of requisite votes, with results to be declared within two working days.

Resolutions Passed

The shareholders transacted five items of business, including ordinary and special resolutions. The key resolutions included the adoption of financial statements, dividend declaration, and the ratification of remuneration for the Cost Auditor for the financial year 2026-27.

Voting and Participation

Remote e-voting was facilitated from Saturday, July 18, 2026, to Tuesday, July 21, 2026. Shareholders attending the AGM who had not voted remotely were permitted to e-vote during the meeting. The cut-off date for determining eligibility for voting and attending the AGM was Wednesday, July 15, 2026. Mr. Atul Kumar Labh was appointed as the Scrutinizer to oversee the voting process.