Geojit Financial Services Limited submitted a regulatory disclosure to the National Stock Exchange of India Ltd and BSE Limited regarding the resignation of statutory auditors for its material subsidiary, Geojit Investments Limited (GIL).

Key Events and Dates

  • M/s. B S R & Associates LLP resigned as Statutory Auditors of Geojit Investments Limited effective close of business hours on July 21, 2026
  • The resignation is intended to facilitate alignment of Statutory Auditors of GIL with those of its parent company, Geojit Financial Services Limited
  • The current term of M/s. B S R & Associates LLP as Statutory Auditors of GFSL concludes at the ensuing Annual General Meeting on July 24, 2026
  • The Board of Directors of Geojit Investments Limited approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) as new Statutory Auditors on July 21, 2026
  • The appointment is subject to shareholder approval as required under the Companies Act, 2013

Auditor Background

  • B S R & Associates LLP was appointed as Statutory Auditors of GIL pursuant to shareholder resolution dated July 14, 2025
  • Their term was scheduled to expire on March 31, 2030
  • The firm completed statutory audit till March 31, 2026 and issued audit report on April 29, 2026
  • They were in process of carrying out Limited Review for the quarter ended June 30, 2026 for consolidated financial results of Geojit Financial Services Limited

Resignation Details

According to the resignation letter from B S R & Associates LLP:

  • Resignation is effective immediately
  • The management intends to align auditors with the holding company due to mandatory rotation of auditors at the parent company level
  • The firm confirmed they will forward copy of ADT-3 as filed with ROC as required under Companies Act, 2013
  • The resignation disclosure confirms no concerns or disagreements were raised by the auditors

Financial Impact

No financial impact quantified in the disclosure. The change represents an administrative alignment of audit services within the corporate group structure.