Price Waterhouse Chartered Accountants LLP Resigns as Statutory Auditor of Arisinfra Solutions Effective May 14, 2026
Arisinfra Solutions Limited disclosed that M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No: 012754N/N500016) resigned as its statutory auditor effective May 14, 2026, following a fee disagreement. The firm, appointed at the AGM on September 30, 2023 for five financial years (2023-24 to 2027-28), had requested a fee increase for the FY2026-27 audit, but the company sought a significant reduction compared to fees paid for FY2025-26. Prior to resigning, the firm issued all required audit reports dated May 08, 2026, covering standalone and consolidated financial statements for the year ended March 31, 2026.

*this image is generated using AI for illustrative purposes only.
Arisinfra Solutions Limited has informed the stock exchanges that M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No: 012754N/N500016) has resigned as the statutory auditor of the company with effect from May 14, 2026. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated by Latesh Shailesh Shah, Company Secretary and Compliance Officer (ICSI Membership Number F12559), from Mumbai.
Resignation Details
The key details of the auditor's resignation, as disclosed under Annexure A filed with the stock exchanges, are summarised below:
| Parameter: | Details |
|---|---|
| Name of Listed Entity: | Arisinfra Solutions Limited |
| Name of Auditor: | M/s. Price Waterhouse Chartered Accountants LLP |
| Firm Registration Number: | 012754N/N500016 |
| Date of Original Appointment: | September 30, 2023 (Annual General Meeting) |
| Tenure Appointed For: | Five consecutive financial years (2023-24 to 2027-28) |
| Scheduled Term Expiry: | Conclusion of AGM for financial year 2027-28 |
| Effective Date of Resignation: | May 14, 2026 |
| Latest Audit Report Submitted: | May 08, 2026 (standalone and consolidated financial statements for year ended March 31, 2026) |
Background and Reason for Resignation
According to the resignation letter submitted by Price Waterhouse Chartered Accountants LLP, the firm had been appointed as statutory auditor at the annual general meeting held on September 30, 2023, for a period of five financial years from 2023-24 to 2027-28. The firm had, via an email dated May 11, 2026, requested an increase in audit fees considering the estimated effort required to carry out the audit of financial statements for the year ended March 31, 2027. However, as per the company's response dated May 12, 2026, Arisinfra Solutions requested a significant reduction in fees compared to what was paid for the statutory audit of financial statements for the year ended March 31, 2026.
Following this fee disagreement, Price Waterhouse Chartered Accountants LLP reassessed its ability to continue as auditor in terms of the Standards on Auditing and Standards on Quality Control issued by the Institute of Chartered Accountants of India. The firm concluded that, considering its estimate of time and effort involved, it would not be able to undertake the audit at the reduced fee. Accordingly, after discussions with those charged with governance, the firm tendered its resignation with immediate effect.
Audit Reports Issued Prior to Resignation
Prior to its resignation, Price Waterhouse Chartered Accountants LLP confirmed that it had fulfilled its obligations for the concluded financial year. The firm issued the following reports before tendering its resignation:
- Audit report dated May 08, 2026 on the standalone financial statements for the year ended March 31, 2026
- Audit report dated May 08, 2026 on the consolidated financial statements for the year ended March 31, 2026
- Audit report dated May 08, 2026 on annual standalone financial results for the year ended March 31, 2026
- Audit report dated May 08, 2026 on annual consolidated financial results for the year ended March 31, 2026
Regulatory Compliance
The resignation disclosure was made in accordance with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Price Waterhouse Chartered Accountants LLP confirmed in its declaration that the information provided in the resignation letter and its attachments is correct and complete, and that there is no other material reason beyond those stated for the resignation. The resignation letter was signed by Pankaj Khandelia, Partner (Membership No. 102022), on behalf of Price Waterhouse Chartered Accountants LLP, from Mumbai.
Historical Stock Returns for Arisinfra Solutions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.58% | -5.23% | +21.11% | -10.47% | -20.91% | -20.91% |
How quickly can Arisinfra Solutions appoint a replacement auditor of comparable stature, and what impact could the auditor vacancy have on its upcoming financial reporting timelines?
Does the company's push for reduced audit fees signal broader cost-cutting pressures or cash flow concerns that investors should monitor in future quarters?
How might the departure of a Big Four auditor like Price Waterhouse affect Arisinfra Solutions' credibility with institutional investors and lenders in the near term?


































