Rallis India appoints S R B C & Co LLP as statutory auditor
Rallis India Limited appointed S R B C & CO LLP as Statutory Auditors for five years starting from the 2027 AGM. This follows the completion of B S R & Co. LLP's second consecutive term. The move complies with SEBI regulations and requires shareholder approval.
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Rallis India Limited has appointed S R B C & CO LLP as its Statutory Auditors for a period of five consecutive years, marking a scheduled rotation in audit services following the tenure limit of the current firm. The Board of Directors approved the appointment via a circular resolution on July 27, 2026, based on the recommendation of the Audit Committee. The new mandate will commence from the conclusion of the 79th Annual General Meeting (AGM) in 2027 and continue until the conclusion of the 84th AGM in 2032, pending final approval by the company’s members.
The change is procedural, driven by regulatory requirements limiting the tenure of statutory auditors. B S R & Co. LLP, the existing Statutory Auditors, will continue to undertake the audit of the company until the conclusion of the 79th AGM in 2027. This date marks the completion of their second consecutive term of five years, necessitating the rotation to ensure independent oversight and compliance with SEBI Listing Regulations.
S R B C & CO LLP, a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI) under Firm Registration No. 324982E/E300003, brings extensive experience in audit and assurance services. Established in 2002 with its registered office in Kolkata, the firm maintains offices across key cities in India. It holds a valid Peer Review certificate and is part of S. R. Batliboi & Affiliates, a network of ICAI-registered firms. The network audits several large listed and private companies across diverse sectors, including Industrial, Infrastructure, Consumer Products, Financial Services, Technology, Media and Entertainment, Telecommunications, and Professional Services.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Sariga P Gokul, Company Secretary & Compliance Officer of Rallis India Limited, signed the communication to the stock exchanges.
Auditor Transition Details
| Particular | Details |
|---|---|
| Outgoing Auditor | B S R & Co. LLP (ICAI Reg No. 101248W/W-100022) |
| Outgoing Term End | Conclusion of 79th AGM (Year 2027) |
| Incoming Auditor | S R B C & CO LLP (ICAI Reg No. 324982E/E300003) |
| New Term Start | Conclusion of 79th AGM (Year 2027) |
| New Term End | Conclusion of 84th AGM (Year 2032) |
| Approval Status | Subject to Member Approval |
Regulatory Compliance
The appointment adheres to the mandatory rotation norms prescribed for listed entities in India. The transition ensures continuity in audit coverage, with the outgoing firm managing the final audit cycle up to the 2027 AGM. The incoming firm will assume responsibilities immediately thereafter, ensuring no gap in statutory audit oversight during the handover period.
Historical Stock Returns for Rallis
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.53% | +1.64% | -11.26% | -24.53% | -43.22% | -23.82% |
How might the transition to S R B C & CO LLP impact Rallis India's audit timelines or reporting processes during the 2027 handover period?
Are there any specific industry expertise advantages that S R B C & CO LLP brings to Rallis India compared to the outgoing auditor B S R & Co. LLP?
What potential changes in audit scope or risk assessment focus might investors expect under the new five-year mandate starting in 2027?
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