Raymond Realty Limited has submitted a regulatory disclosure to the National Stock Exchange of India Limited and BSE Limited regarding the resignation of one of its joint statutory auditors.
Resignation Details
- Resigning Auditor: M/s. Chaturvedi & Shah LLP, Chartered Accountants
- Resignation Date: October 28, 2026
- Effective Date: October 28, 2026
- Time of Receipt: 07:00 PM at the Registered Office
- Reason for Resignation: The auditors requested a revision in statutory audit fees to make it commensurate with the expanded scope, significant time commitment, resources, and professional responsibilities involved, particularly considering the company's listed status and associated regulatory, reporting, and compliance requirements. Following internal deliberations, management informed the auditors of its inability to revise the proposed audit fees, leading to their resignation.
Key Communications
- The auditors initially made a fee revision request to Mr. Ankur Jindal (CFO of the Company) on August 20, 2026
- Management communicated its decision not to accede to the fee revision request on August 28, 2026
- Formal resignation letter was delivered on October 28, 2026
Auditor's Work History
The resigning auditors had:
- Been appointed as Statutory Auditors at the 3rd Annual General Meeting held on June 13, 2022 for a term of 5 consecutive years till the conclusion of the 8th Annual General Meeting
- Issued audit report dated May 05, 2026 on the Financial Statements for the year ended March 31, 2026
- Issued Limited Review Report dated August 7, 2026 for the quarter ended June 30, 2026
- Issued Limited Review Report dated October 27, 2026 for the quarter/six months ended September 30, 2026
Continuing Auditor
M/s. Walker Chandiok & Co. LLP, Chartered Accountants (FRN/Membership No: 001076N/N500013) continues to act as the Statutory Auditors of the Company.
Financial Impact
Financial impact not quantified in the disclosure. The resignation relates solely to audit fee disagreement with no identified financial statement impact.
Additional Information
The information has been made available on the company's website at www.raymondrealty.in.