Orient Electric Board Approves Appointment of PwC as Statutory Auditors for Five-Year Term

Orient Electric Limited's Board of Directors has approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the company's new statutory auditors during a board meeting held on March 26, 2026. The decision was made based on recommendations from the Audit Committee and is subject to shareholder approval at the upcoming Annual General Meeting.

Board Meeting and Regulatory Compliance

The board meeting commenced at 2:20 p.m. and concluded at 4:10 p.m. on March 26, 2026. The appointment decision was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has formally notified both the National Stock Exchange of India Limited and BSE Limited regarding this appointment.

Meeting Parameter:	Details
Date:	March 26, 2026
Start Time:	2:20 p.m.
End Time:	4:10 p.m.
Key Decision:	Appointment of new statutory auditors
Regulatory Compliance:	SEBI Regulation 30

Auditor Transition Details

The appointment of Price Waterhouse Chartered Accountants LLP will be effective from the conclusion of the 10th Annual General Meeting to be held in FY 2026-27. The firm will serve as statutory auditors for five consecutive years until the conclusion of the 15th AGM to be held in FY 2031-32. M/s. S.R. Batliboi & Co. LLP, the current statutory auditors, will complete their second term at the conclusion of the 10th AGM.

Transition Details:	Information
New Auditor:	M/s. Price Waterhouse Chartered Accountants LLP
ICAI Registration:	012754N/N500016
Term Duration:	Five consecutive years
Effective From:	Conclusion of 10th AGM (FY 2026-27)
Term Ends:	Conclusion of 15th AGM (FY 2031-32)
Outgoing Auditor:	M/s. S.R. Batliboi & Co. LLP
Outgoing Firm Registration:	301003E/E300005

About the New Auditor

Price Waterhouse Chartered Accountants LLP is an established auditing firm registered with the Institute of Chartered Accountants of India. The firm was originally established in 1991 and converted into a limited liability partnership in 2014. It operates from its registered office at Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi - 110 002.

Firm Capabilities and Network

The auditing firm maintains an extensive operational network across India with significant professional capabilities:

Firm Details:	Information
Branch Network:	17 branch offices across India
Professional Strength:	More than 125 Assurance Partners (as of December 31, 2025)
Network Affiliation:	Price Waterhouse & Affiliates (Network Registration No. NRN/E/14)
Specialization:	Auditing and other assurance services
Market Experience:	Audits various companies listed on stock exchanges in India
Compliance:	Holds valid peer review certificate

Regulatory Compliance and Next Steps

The appointment is subject to completion of all regulatory compliances in accordance with applicable laws and regulations. The resolution for appointing Price Waterhouse Chartered Accountants LLP as statutory auditors will be presented to shareholders for approval at the company's 10th Annual General Meeting scheduled for FY 2026-27. The company has provided all requisite details as required by SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, and has formally notified the stock exchanges through proper regulatory channels.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.19%	-9.98%	-19.13%	-25.22%	-29.16%	-51.76%

Orient Electric Limited has issued a clarification to BSE Limited regarding the recent surge in trading volume of its shares, stating that the company has no undisclosed information that could explain the increased market activity.

Regulatory Response to BSE Inquiry

In a filing dated February 27, 2026, Orient Electric responded to a BSE inquiry received on February 26, 2026, which sought clarification on the increase in share volume across exchanges. The company addressed the matter through a formal communication to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Parameter:	Details
Filing Date:	February 27, 2026
Reference Number:	L/SURV/ONL/PV/SG/ 2025-2026 / 943
Scrip Code:	541301
Signatory:	Diksha Singh, Company Secretary

Company's Position on Volume Increase

Orient Electric clearly stated that there is no information or announcement, including any impending announcement, that the company believes could have influenced the trading volume of its shares. The company emphasized that it has no knowledge of any factors that led to the significant increase in share volume during the period in question.

The electrical equipment manufacturer confirmed that any such information requiring disclosure would fall under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commonly referred to as the Listing Regulations.

Compliance and Disclosure Commitments

The company reaffirmed its commitment to regulatory compliance and transparent communication with stakeholders. Orient Electric highlighted its track record of making timely disclosures under Regulation 30 of the Listing Regulations and assured continued adherence to these requirements.

Key compliance commitments include:

Timely disclosure of price-sensitive information to stock exchanges
Making information available on the company's website for shareholder access
Continued dissemination of any information that may impact share price or volume
Maintaining transparency in all material developments

The filing was digitally signed by Company Secretary Diksha Singh on February 27, 2026, at 12:00:44 +05'30', demonstrating the company's formal approach to regulatory communication and compliance with digital filing requirements.