Arvind SmartSpaces has disclosed that M/s. S R B C & Co LLP has resigned as the statutory auditor for its three material subsidiaries: Arvind Hebbal Homes Private Limited, Arvind Homes Private Limited, and Arvind SmartHomes Private Limited. The resignation, effective August 7, 2026, stems from two distinct drivers: regulatory tenure limits for one subsidiary and a strategic decision to align audit functions with the holding company’s group auditor for the other two. This consolidation aims to streamline oversight across the group structure.

The Board of Directors of each respective subsidiary recorded the resignation during meetings held on August 7, 2026. The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated July 11, 2023, last updated on January 30, 2026. S R B C & Co LLP confirmed there are no other material reasons for the resignation and no concerns regarding management-imposed limitations or lack of information.

For Arvind Hebbal Homes Private Limited, the resignation is driven by regulatory constraints. S R B C & Co LLP completed ten consecutive years of service, from 2016-17 to 2025-26. Under Section 139(2) of the Companies Act, 2013, read with Rule 6 of the Companies (Audit and Auditors) Rules, 2014, the firm’s tenure concluded upon reaching the maximum permissible term. The firm had been re-appointed at the 11th Annual General Meeting held on August 12, 2022.

In contrast, the departures from Arvind Homes Private Limited and Arvind SmartHomes Private Limited are strategic. Both subsidiaries appointed S R B C & Co LLP at their respective first and fourth Annual General Meetings held on August 1, 2023. The holding company’s management decided to align the statutory auditors of these subsidiaries with affiliates of the group auditor following S R B C & Co LLP’s vacating of the role at the holding company level. This move standardizes the audit framework across the corporate group.

Auditor Transition Details

S R B C & Co LLP confirmed it has completed the statutory audit of financial statements for all three subsidiaries for the financial year ended March 31, 2026. The final audit reports were issued on May 20, 2026. The firm stated it has not commenced the audit for the year ending March 31, 2027. As required by the Companies Act, 2013, the firm will file a statement in Form ADT-3 with the Registrar of Companies.

What the Numbers Show

The simultaneous resignation across multiple entities highlights a shift in governance strategy rather than a dispute. While Arvind Hebbal Homes’ departure is mandatory due to the ten-year rotation rule under the Companies Act, the early exit from Arvind Homes and Arvind SmartHomes—whose terms were scheduled to expire in 2028—indicates a deliberate centralization of audit services. This alignment likely reduces compliance complexity and ensures uniform accounting policies across the Arvind SmartSpaces group, though it necessitates the appointment of a new auditor for the two subsidiaries whose terms were cut short.

Arvind SmartSpaces Limited has appointed M/s. Walker Chandiok & Co LLP as its Statutory Auditors to address a casual vacancy in the role. The Board of Directors approved the move at its meeting held on August 7, 2026, following a recommendation from the Audit Committee. This appointment replaces M/s. S R B C & Co LLP, which resigned from the position.

The new statutory auditors will hold office from August 7, 2026, until the conclusion of the company’s ensuing 18th Annual General Meeting (AGM). Subject to shareholder approval at that meeting, Walker Chandiok & Co LLP is set to be appointed for a term of five consecutive years. This longer tenure would commence from the conclusion of the 18th AGM and extend until the conclusion of the 23rd AGM, scheduled to be held in 2031.

The appointment was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also cited compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, dated July 11, 2023, and last updated on January 30, 2026. Prakash Makwana, Company Secretary, signed the intimation submitted to the Bombay Stock Exchange and the National Stock Exchange of India.

Auditor Profile

Walker Chandiok & Co LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI) under Firm Registration No. 001076N/N500013. Established in 1935, the firm maintains its registered office in New Delhi and operates nineteen other offices across major cities in India. It currently has ninety-seven partners.

The firm is empanelled with the Comptroller and Auditor General of India (CAG) and is registered with the Public Company Accounting Oversight Board (PCAOB). It holds a valid peer review certificate and provides audit and assurance services to several large companies, including some of the top one hundred listed entities in India.

Appointment Details

The company disclosed that there are no relationships between directors and the appointed auditors requiring disclosure under the relevant regulations.