Tata Consultancy Services Limited's Board of Directors has officially recommended Walker Chandiok & Co LLP as the new statutory auditors for a five-year term beginning in 2027, following a comprehensive board meeting held on February 28, 2026.

Board Meeting Details and Decision

The Board of Directors convened on February 28, 2026, from 10:30 a.m. to 6:10 p.m., where they approved the Audit Committee's recommendation to appoint Walker Chandiok & Co LLP as statutory auditors. The decision was communicated to stock exchanges through official disclosure under Regulation 30 of SEBI Listing Regulations.

Regulatory Compliance and Documentation

The appointment was formally communicated to both National Stock Exchange of India Limited and BSE Limited through official letter TCS/SE/215/2025-26. Company Secretary Yashaswin Sheth (ACS 15388) signed the disclosure documents, ensuring full compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Transition from Current Auditors

BSR & Co. LLP (ICAI Firm Registration No. 101248W/W-100022) will continue as statutory auditors until the conclusion of TCS's 32nd Annual General Meeting in 2027, completing their second term. Walker Chandiok & Co LLP will assume responsibilities immediately after this transition.

About Walker Chandiok & Co LLP

Walker Chandiok & Co LLP brings extensive credentials to the appointment:

The firm holds valid peer review certificates and is recognized as one of India's leading audit firms, providing audit and assurance services to several large companies.

Next Steps and Shareholder Approval

The proposed appointment requires approval from TCS shareholders during the upcoming Annual General Meeting. All relevant information has been made available on the company's website at www.tcs.com , ensuring transparency and regulatory compliance throughout the appointment process.

Tata Consultancy Services has officially confirmed the execution of a Memorandum of Understanding with the University of Bristol, addressing market speculation following recent media reports. The IT services giant issued a clarification on February 25, 2026, in response to queries from both the National Stock Exchange and BSE Limited regarding news coverage of the partnership.

Partnership Details and Strategic Objective

The MoU with University of Bristol represents part of TCS's broader global strategy to collaborate with educational institutions. According to the company's official statement, this partnership aligns with TCS's objective to nurture talent and create a future-ready workforce through strategic university collaborations both globally and within India.

Regulatory Compliance and Materiality Assessment

TCS clarified that the MoU does not constitute a material event requiring disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company emphasized its commitment to making appropriate disclosures in compliance with applicable laws as and when required.

The IT major also addressed recent share price movements, stating that the significant price changes observed across exchanges are purely market-driven and reflect broader industry trends rather than company-specific developments.

Market Context and Industry Positioning

The partnership announcement comes amid the University of Bristol's expansion plans, which reportedly include opening a Mumbai campus in 2026 and signing agreements with other prominent Indian institutions like IIT-Bombay. TCS's involvement in this educational ecosystem reflects the company's continued focus on talent pipeline development and academic collaboration.

Corporate Communication and Transparency

The clarification was issued by Company Secretary Yashaswin Sheth, who confirmed that no other material events or information mandate disclosure under current SEBI regulations. This proactive communication demonstrates TCS's commitment to maintaining transparency with stakeholders and regulatory compliance.

The company's response to exchange queries highlights the importance of clear communication in managing market expectations and ensuring accurate information flow to investors and stakeholders.