Orient Cement Limited — Others, 23-04-2025: Resignation

M/s. B S R & Associates LLP has resigned as the Statutory Auditor of Orient Cement Limited, effective immediately, indicating a desire to align with the new ownership following Ambuja Cements Limited's impending acquisition of a controlling stake in the company. The resignation will be addressed in the upcoming board meetings, where new auditors will be proposed for shareholder approval. This change may reflect strategic shifts within the organization, potentially affecting governance and operational continuity. Investors might view this as a neutral impact, with some uncertainty regarding the transition to new auditors amidst ownership changes.