Indus Towers Appoints S.R. Batliboi & Associates LLP as New Statutory Auditors
Indus Towers Limited has appointed S.R. Batliboi & Associates LLP as its new statutory auditors, effective from the conclusion of the 21st Annual General Meeting in 2027. The appointment, approved by the Board on March 10, 2026, follows a comprehensive selection process and replaces Deloitte Haskins & Sells LLP after their second consecutive term. S.R. Batliboi & Associates LLP, established in 1949, brings extensive experience in auditing large listed companies across telecommunications and other sectors, subject to shareholder approval.
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Indus towers Limited has announced a significant change in its statutory audit arrangements, with the Board of Directors approving the appointment of S.R. Batliboi & Associates LLP as the company's new statutory auditors. The decision was made on March 10, 2026, with board approval received at 04:01 p.m. (IST).
Auditor Transition Details
The appointment follows the upcoming retirement of the current statutory auditors, Deloitte Haskins & Sells LLP, who will conclude their services upon the completion of the 21st Annual General Meeting scheduled for calendar year 2027. This transition marks the end of Deloitte's second consecutive term as statutory auditors for the telecommunications infrastructure company.
| Parameter: | Details |
|---|---|
| Outgoing Auditor: | Deloitte Haskins & Sells LLP |
| Firm Registration: | 117366W/W-100018 |
| Incoming Auditor: | S.R. Batliboi & Associates LLP |
| Firm Registration: | 101049W/E300004 |
| Effective Date: | Conclusion of 21st AGM (2027) |
| Board Approval Time: | 04:01 p.m. (IST) on March 10, 2026 |
Selection Process and Approval
The appointment of S.R. Batliboi & Associates LLP resulted from a comprehensive and transparent selection process overseen by the Audit & Risk Management Committee. Based on the committee's recommendation, the Board of Directors approved the appointment for a term as per applicable laws. However, the appointment remains subject to approval by the company's shareholders at the upcoming Annual General Meeting.
Profile of New Auditors
S.R. Batliboi & Associates LLP brings substantial experience to the role, having been incorporated in India in 1949. The firm maintains its registered office in Kolkata and operates offices across key cities throughout India. The firm holds registration with the Institute of Chartered Accountants of India under firm registration number 101049W/E300004.
The firm operates as part of the S.R. Batliboi & Affiliates network, which includes:
- S.R. Batliboi & Co LLP
- S.R. Batliboi & Associates LLP
- S R B C & CO LLP
- S.V. Ghatalia & Associates LLP
Service Expertise and Client Base
S.R. Batliboi & Associates LLP and its network firms are primarily engaged in providing audit and assurance services to clients across diverse market segments. Their expertise spans multiple industries including Industrial, Infrastructure, Consumer Products, Financial Services, Technology, Media and Entertainment, Telecommunications, and Professional Services. The firm audits several large listed and private companies, positioning it well to handle Indus Towers' audit requirements.
Regulatory Compliance
The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency in corporate governance matters. The disclosure was signed by Samridhi Rodhe, Company Secretary & Compliance Officer, and communicated to both BSE Limited and National Stock Exchange of India Limited.
Historical Stock Returns for Indus Towers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.58% | -0.69% | -2.35% | +28.41% | +34.90% | +76.70% |
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