NewsRaymond Limited Appoints Price Waterhouse Chartered Accountants LLP as Statutory Auditors for Five-Year TermRaymond Limited Appoints Price Waterhouse Chartered Accountants LLP as Statutory Auditors for Five-Year Term
Raymond Limited announced the appointment of M/s Price Waterhouse Chartered Accountants LLP as Statutory Auditors for five consecutive years, effective from the conclusion of the 101st AGM until the 106th AGM, subject to shareholder approval under Section 139 of the Companies Act, 2013. The appointment follows the conclusion of M/s. Chaturvedi & Shah LLP's tenure, who had been appointed to fill a casual vacancy caused by the resignation of the previous auditor. PwC, established in 1991 and converted to an LLP in 2014, operates 17 branch offices across India and has more than 125 Assurance Partners as of December 31, 2025.
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Raymond Limited has announced the appointment of M/s Price Waterhouse Chartered Accountants LLP as its new Statutory Auditors, following a board meeting held on May 5, 2026. The Board of Directors, acting on the recommendation of the Audit Committee, approved and recommended the appointment to the company's members, subject to shareholder approval at the forthcoming Annual General Meeting.
Auditor Transition Background
The change in statutory auditors follows a prior appointment made to address a casual vacancy. As communicated in an earlier intimation dated December 2, 2025 (serial no. RL/SE/25-26/68), M/s. Chaturvedi & Shah LLP, Chartered Accountants (FRN/Membership No: 101720W/W100355), had been appointed as Statutory Auditors effective December 2, 2025, to fill the vacancy caused by the resignation of the previous Statutory Auditor. M/s. Chaturvedi & Shah LLP were appointed to hold office until the conclusion of the 101st Annual General Meeting, at which point their term will conclude.
Details of the New Appointment
The following key details pertain to the appointment of M/s Price Waterhouse Chartered Accountants LLP, as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:
| Parameter: | Details |
|---|---|
| Auditor Name: | M/s Price Waterhouse Chartered Accountants LLP |
| Firm Registration No.: | 012754N/N500016 |
| Date of Board Approval: | May 5, 2026 |
| Appointment Term: | Five (5) consecutive years |
| Effective From: | Conclusion of the 101st Annual General Meeting |
| Effective Until: | Conclusion of the 106th Annual General Meeting |
| Subject To: | Approval of members under Section 139 of the Companies Act, 2013 |
Profile of the Incoming Auditor
Price Waterhouse Chartered Accountants LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India. The firm was established in the year 1991 and was converted into a limited liability partnership in the year 2014. Its registered office is located at Sucheta Bhawan, 11A Vishnu Digambar Marg, New Delhi - 110 002, and it operates seventeen (17) branch offices across various cities in India.
The firm is primarily engaged in providing auditing and other assurance services and is a member firm of Price Waterhouse & Affiliates, a network of firms registered with the Institute of Chartered Accountants of India, bearing Network Registration No. NRN/E/14. Price Waterhouse & Affiliates comprises separate, distinct, and independent Indian Chartered Accountant firms. As of December 31, 2025, the firm has more than 125 Assurance Partners. It holds a valid peer review certificate and audits various companies listed on stock exchanges in India.
Regulatory Compliance
The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Board meeting commenced at 11:30 a.m. and concluded at 1:25 p.m. on May 5, 2026. The intimation was signed by Rakesh Darji, Company Secretary of Raymond Limited, and is also available on the company's website at www.raymond.in .
Historical Stock Returns for Raymond
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.94% | +10.61% | +45.84% | -8.81% | -0.08% | +672.28% |
How might Price Waterhouse's appointment as statutory auditor influence investor confidence in Raymond Limited's financial reporting and governance standards going forward?
Could the transition to a Big Four auditor like Price Waterhouse signal Raymond Limited's intent to pursue international capital markets, foreign listings, or large-scale fundraising activities?
What potential changes in audit scrutiny or accounting practices might Raymond Limited face under Price Waterhouse compared to its previous auditors, particularly given the company's recent restructuring activities?
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