Gloster Limited — Others, 13-08-2025: Change in Auditors

Gloster Limited's statutory auditor, Price Waterhouse & Co, has resigned for both the company and its key subsidiary. The auditor cited a 'qualified conclusion' on the latest quarterly consolidated financial results due to a fundamental disagreement with the subsidiary's revenue recognition method for a long-term customer contract. This accounting difference is significant, potentially impacting future financial performance. Gloster's Board and Audit Committee will now focus on appointing a new auditor.