Tube Investments recommends PwC as auditor, appoints Chief People Officer
Tube Investments of India Limited has recommended M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors for a five-year term subject to shareholder approval at the 18th AGM. The Board also appointed Mr. S Venkataraman as Chief People Officer, while Mr. R B Selvakumar ceased to be a Senior Management Personnel due to a transition to a business role.
*this image is generated using AI for illustrative purposes only.
Tube Investments of India Limited has recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP as its statutory auditors for a term of five consecutive years, subject to shareholder approval at the ensuing 18th Annual General Meeting. The Board of Directors approved this recommendation during a meeting held on June 29, 2026. The new auditors will serve from the conclusion of the 18th AGM until the conclusion of the 23rd AGM. The current statutory auditors, M/s. S R Batliboi & Associates LLP, Chartered Accountants, will complete their second term at the conclusion of the 18th Annual General Meeting. The recommendation was based on the advice of the Audit Committee.
Separately, the Board appointed Mr. S Venkataraman as Chief People Officer and Senior Management Personnel with immediate effect. This appointment follows the transition of Mr. R B Selvakumar, EVP & Head HR, who ceased to be a Senior Management Personnel due to his move to a business role. These changes were approved based on the recommendation of the Nomination and Remuneration Committee. Mr. Venkataraman brings approximately two and a half decades of experience in human resource, industrial relations, administration, CSR, land acquisition, and public relations across sectors including steel, automotive, mining, power, and global operations.
The disclosures were made in compliance with Regulation 30 read with Schedule III of the SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026.
Key Management Changes
| Name | Designation | Status | Date of Effect |
|---|---|---|---|
| Mr. S Venkataraman | Chief People Officer | Appointed | June 29, 2026 |
| Mr. R B Selvakumar | EVP & Head HR | Ceased to be Senior Management Personnel | June 29, 2026 |
Auditor Appointment Details
| Detail | Information |
|---|---|
| Firm | M/s. Price Waterhouse Chartered Accountants LLP |
| Firm Registration No. | 012754N/N500016 |
| Term | 5 consecutive years |
| Commencement | Conclusion of 18th Annual General Meeting |
| Conclusion | Conclusion of 23rd Annual General Meeting |
Historical Stock Returns for Tube Investment
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.80% | -9.37% | -4.56% | +15.04% | -3.57% | +160.07% |
How will the transition to PwC as auditors impact Tube Investments' financial reporting and compliance strategies?
What strategic shifts might Mr. Venkataraman introduce in his role as Chief People Officer?
How will Mr. R B Selvakumar's move to a business role influence the company's operational focus?
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