Aletheia · Governance Intelligence
Auditor Change Tracker
BSE/NSE Regulation 30 auditor change disclosures with risk assessment — because auditor resignations are among the most underrated early warning signals in equity markets.
Jun 2 – Jun 18, 2026 · Mandatory disclosure within 24 hours of auditor change
2
CRITICAL RISK ALERTS
2
HIGH RISK ALERTS
5
TOTAL RESIGNATIONS
THE AUDITOR RESIGNATION HIERARCHY
CRITICAL: Cannot access records / information completeness concerns
HIGH: Fee non-payment / unstated reasons / downgrade to smaller firm
MODERATE: Mandatory rotation / proactive rotation / reappointment
The reason for an auditor change matters more than the change itself. Mandatory rotation is governance hygiene. Resignation citing record access issues is a potential fraud signal.
RISK LEVEL
TYPE
Jun 18, 2026
OUTGOING
Pathak H.D. & Associates
INCOMING
Pending appointment
STATED REASON
Auditor cited inability to complete audit procedures due to lack of access to records
Jun 15, 2026
OUTGOING
Walker Chandiok & Co LLP
INCOMING
MSKA & Associates
STATED REASON
Auditor resigned citing constraints in carrying out audit procedures and concerns about completeness of information provided
Jun 12, 2026
OUTGOING
M/s Deloitte Haskins & Sells
INCOMING
M/s B S R & Co. LLP (KPMG network)
STATED REASON
Rotation after maximum 10-year tenure under Companies Act
Jun 10, 2026
OUTGOING
Deloitte Haskins & Sells
INCOMING
S R B C & Co LLP (EY network)
STATED REASON
Proactive early rotation — company board decided to switch ahead of mandatory deadline
Jun 8, 2026
OUTGOING
M/s J. Shah & Associates
INCOMING
Pending
STATED REASON
Auditor cited non-payment of fees exceeding ₹45 lakh over 3 quarters
Jun 6, 2026
OUTGOING
M/s ASA & Associates LLP
INCOMING
M/s SVG & Associates
STATED REASON
No reason stated. 'Pre-occupation' cited as reason in Board meeting minutes.
Jun 4, 2026
OUTGOING
N/A
INCOMING
B S R & Co. LLP (KPMG network)
STATED REASON
Reappointment for second term of 5 years — approved at AGM
Jun 2, 2026
OUTGOING
CAG-appointed auditor (term ended)
INCOMING
CAG-appointed new firm
STATED REASON
Government entity — statutory auditor appointed by Comptroller and Auditor General (CAG) of India
REGULATORY NOTE
Auditor changes must be disclosed under SEBI LODR Regulation 30 within 24 hours of the board meeting that notes the change. Auditor resignation due to fraud or law violation must also be reported to the Central Government under Section 140(2) of Companies Act 2013. Data is representative; verify on BSE/NSE disclosure portals.