News ArticleSolar Industries India Appoints Price Waterhouse LLP and Reappoints Gandhi Rathi & Co as Joint Statutory Auditors for Five Years from 2027
Current auditor SRBC & Co. LLP to continue until the 32nd AGM; appointments subject to shareholder approval
Solar Industries India Ltd has appointed Price Waterhouse Chartered Accountants LLP and reappointed Gandhi Rathi & Co. as joint statutory auditors for a five-year period starting from the conclusion of the 32nd Annual General Meeting in 2027 up to the 37th AGM in 2032, pending shareholder approval. The current auditor, SRBC & Co. LLP, will continue until the 32nd AGM.
Solar Industries India Limited
Change in Management
Solar Industries India Limited, following its Board meeting on November 3, 2026, has appointed Price Waterhouse Chartered Accountants LLP and reappointed Gandhi Rathi & Co. as joint statutory auditors for a five-year term beginning at the conclusion of the 32nd Annual General Meeting in 2027, pending shareholders' approval.
The current statutory auditor, SRBC & Co. LLP, which has completed two consecutive five-year terms, will continue auditing the company until the 32nd AGM.
Price Waterhouse Chartered Accountants LLP is a well-established firm founded in 1991, now operating as a limited liability partnership with seventeen branches across India and a significant number of assurance partners.
Gandhi Rathi & Co., founded in 1987, is known for its auditing, taxation, management consultancy, and risk mitigation services and maintains a peer review certification.
The appointment and reappointment will take effect from the conclusion of the 32nd AGM in 2027 and will continue until the 37th AGM scheduled in 2032, subject to shareholder approval at the upcoming AGM.
Highlights
- Appointment of Price Waterhouse Chartered Accountants LLP as joint statutory auditor starting post-32nd AGM
- Reappointment of Gandhi Rathi & Co. for a second term as joint statutory auditors
- SRBC & Co. LLP to audit until conclusion of the 32nd AGM in 2027
- Five-year auditor term from 2027 to 2032 for both appointed firms
- Shareholder approval required at 32nd Annual General Meeting
Key Data Snapshot
What happened
- Solar Industries India Limited appointed Price Waterhouse Chartered Accountants LLP and reappointed Gandhi Rathi & Co. as joint statutory auditors.
- The current auditor, SRBC & Co. LLP, will complete their term at the 32nd Annual General Meeting in 2027.
- The new auditor term will span five years from 2027 to 2032, subject to shareholder approval at the 32nd AGM.
Key details
- Price Waterhouse LLP is a Chartered Accountants firm established in 1991, now a limited liability partnership with 17 branches across India and over 120 assurance partners.
- Gandhi Rathi & Co. has been a Chartered Accountants firm since 1987, with peer review certification and expertise in auditing, taxation, and consultancy.
- SRBC & Co. LLP has completed two consecutive five-year audit terms for Solar Industries India.
Regulatory and governance context
- Appointment and reappointment made in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 and Companies Act, 2013.
- Subject to approval of shareholders at the 32nd Annual General Meeting.
- The appointments were based on recommendations from the Audit Committee and approved by the Board of Directors on November 3, 2026.
Highlights
- Appointment of Price Waterhouse Chartered Accountants LLP as joint statutory auditor starting post-32nd AGM
- Reappointment of Gandhi Rathi & Co. for a second term as joint statutory auditors
- SRBC & Co. LLP to audit until conclusion of the 32nd AGM in 2027
- Five-year auditor term from 2027 to 2032 for both appointed firms
- Shareholder approval required at 32nd Annual General Meeting
Disclosures
- Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Section 139 of the Companies Act, 2013
- SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
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