Grasim Industries Limited — Important, 14-11-2024: General Updates

M/s. Singhi & Co., the branch auditor for Grasim Industries Limited, has resigned, citing recent regulatory changes impacting principal auditors in group audits as the reason. This resignation will lead the company’s statutory auditors to conduct the audit of the aforementioned branch. The firm had been appointed at the annual general meeting in August for a term of one year. The resignation does not stem from a lack of audit evidence or information, as confirmed by Singhi & Co. They successfully completed the limited review of financial results for the quarter and half-year ended September 30, 2024, prior to their resignation. This development may have implications for the company’s audit processes and governance moving forward. Investors are advised to monitor this situation closely for any potential impacts on financial reporting or performance.