Urban Company Appoints M/s. BSR & Co. LLP as Statutory Auditors for a Five-Year Term
Urban Company's Board of Directors approved the appointment of M/s. BSR & Co. LLP, Chartered Accountants (Firm Reg. No. 101248W/W-100022) as Statutory Auditors for five consecutive years, effective from the conclusion of the 12th AGM to the 17th AGM, replacing M/s. Price Waterhouse & Co Chartered Accountants LLP whose term concludes at the ensuing AGM. The disclosure was made under Regulation 30 of the SEBI Listing Regulations and signed by Company Secretary Sonali Singh on May 08, 2026.
*this image is generated using AI for illustrative purposes only.
Urban Company Limited has disclosed the appointment of M/s. BSR & Co. LLP, Chartered Accountants, as its new Statutory Auditors, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors, acting on the recommendation of the Audit Committee, approved the appointment on May 08, 2026. The appointment remains subject to approval by the members of the Company at the ensuing Annual General Meeting.
Change in Statutory Auditors
The transition in statutory audit engagement comes as M/s. Price Waterhouse & Co Chartered Accountants LLP (Firm Registration No. 304026E/E300009), the outgoing statutory auditors, are set to complete their term at the conclusion of the ensuing AGM. The following table summarises the key details of the auditor appointment as disclosed by the Company:
| Parameter: | Details |
|---|---|
| Incoming Auditor: | M/s. BSR & Co. LLP, Chartered Accountants |
| Firm Registration Number: | 101248W/W-100022 |
| Appointment Term: | 5 (five) consecutive years |
| Term Period: | From conclusion of the 12th AGM till conclusion of the 17th AGM |
| Subject To: | Approval of members at the ensuing AGM |
| Outgoing Auditor: | M/s. Price Waterhouse & Co Chartered Accountants LLP |
| Outgoing Firm Registration No.: | 304026E/E300009 |
| Reason for Change: | Completion of term of outgoing auditors |
| Date of Board Approval: | May 08, 2026 |
Profile of the Incoming Auditor
M/s. BSR & Co. LLP is a limited liability partnership firm of Chartered Accountants, registered with the Institute of Chartered Accountants of India. The firm's registered office is located at the 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063. The firm is primarily engaged in providing audit and assurance services to its clients.
Regulatory Compliance
The disclosure was made in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The relevant details as required under the applicable regulations have been enclosed as Annexure I to the filing. The Company has also indicated that the aforesaid details will be hosted on its website at https://investorrelations.urbancompany.com/ . The disclosure was signed by Sonali Singh, Company Secretary and Compliance Officer (Membership No.: A26585), on behalf of Urban Company Limited.
Historical Stock Returns for Urban Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.74% | -7.91% | +14.33% | -1.88% | -16.28% | -16.28% |
How might BSR & Co. LLP's audit approach differ from PricewaterhouseCoopers, and could this lead to any restatements or changes in Urban Company's financial reporting practices?
Given that Urban Company is approaching its 12th AGM, what key financial disclosures or governance changes might shareholders expect alongside the auditor transition?
How could the shift to BSR & Co. LLP, a KPMG affiliate, influence investor confidence in Urban Company ahead of any potential fundraising or IPO-related activities?
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