Laurus Labs Board Recommends S.R. Batliboi & Associates as New Statutory Auditors
Laurus Labs Limited's Board of Directors recommended the appointment of S.R. Batliboi & Associates LLP as statutory auditors for a five-year term from 2027-2032, subject to shareholder approval. The recommendation was made on March 12, 2026, following the Audit Committee's recommendation. The new auditors will replace Deloitte Haskins & Sells LLP after they complete their second term at the 22nd AGM in 2027.
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Laurus Labs Limited's Board of Directors has recommended a change in the company's statutory auditors, marking a significant corporate governance development. The recommendation was made during a board meeting held on March 12, 2026, following the Audit Committee's recommendation.
Board Recommendation Details
The board has recommended the appointment of S.R. Batliboi & Associates LLP, Chartered Accountants (ICAI Firm Registration No. 101049W/E300004) as the new statutory auditors. This appointment is subject to approval by the company's shareholders at the upcoming Annual General Meeting.
| Parameter: | Details |
|---|---|
| Recommended Auditor: | S.R. Batliboi & Associates LLP |
| ICAI Registration: | 101049W/E300004 |
| Term Duration: | 5 consecutive years |
| Start Date: | Conclusion of 22nd AGM (2027) |
| End Date: | Conclusion of 27th AGM (2032) |
| Board Meeting Date: | March 12, 2026 |
Transition from Current Auditors
Deloitte Haskins & Sells LLP (ICAI Firm Registration No. 117366W/W-100018) will continue as the company's statutory auditors until the conclusion of the 22nd Annual General Meeting to be held in 2027. By that time, Deloitte will have completed their second term as statutory auditors for the company.
The transition represents a planned change following the completion of the current auditors' tenure, ensuring continuity in the company's audit processes while bringing fresh perspective through the new appointment.
About S.R. Batliboi & Associates LLP
S.R. Batliboi & Associates LLP was incorporated in India in 1949 with its registered office in Kolkata and maintains offices across key cities in India. The firm operates as part of the S.R. Batliboi & Affiliates network, which includes several entities primarily engaged in providing audit and assurance services.
The network firms audit numerous large listed and private companies across diverse market segments, including:
- Pharmaceutical companies
- Industrial and Infrastructure sectors
- Consumer Products
- Financial Services
- Technology, Media and Entertainment
- Telecommunications
- Professional Services
Meeting and Approval Process
The board meeting commenced at 06.00 p.m. (IST) and concluded at 06.35 p.m. (IST) on March 12, 2026. The resolution relating to the appointment of S.R. Batliboi & Associates LLP will be proposed to shareholders for approval at the 22nd Annual General Meeting of the company to be held in 2027.
This appointment follows regulatory requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the company has provided all necessary disclosures as required under the applicable regulations and SEBI Master Circular guidelines.
Historical Stock Returns for Laurus Labs
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.56% | +1.57% | +3.27% | +16.88% | +82.32% | +188.26% |
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