AYM Syntex Appoints BSR & Co. LLP as New Statutory Auditor

Incoming Auditor: BSR & Co. LLP; Outgoing Auditor: Price Waterhouse Chartered Accountants LLP.

Reader Takeaway: Routine auditor rotation ensures governance compliance as the incumbent completes its maximum permitted tenure of ten years.

What just happened

AYM Syntex Ltd announced the appointment of BSR & Co. LLP as its new statutory auditor. The board approved the transition during its meeting on October 29, 2026. This appointment is currently subject to formal approval by the company's members.

Why this matters

Statutory auditor rotations are a standard corporate governance requirement in India. Price Waterhouse Chartered Accountants LLP is retiring as they have concluded their second consecutive five-year term. The firm will continue their duties until the conclusion of the company's 44th Annual General Meeting (AGM).

What changes now

BSR & Co. LLP is slated to serve a five-year term, spanning from the 44th AGM through the 49th AGM. The incoming firm, part of the BSR & Affiliates network, is a registered entity with the Institute of Chartered Accountants of India and maintains a significant presence across 14 locations in India.

What to track next

The final formalization of this appointment will occur during the upcoming 44th Annual General Meeting, where shareholders will vote on the proposed auditor transition.