Raymond Realty Limited announced the resignation of joint statutory auditor Chaturvedi & Shah LLP effective October 28, 2026. The departure follows a disagreement over revised audit fees, with the auditor citing expanded work scope. Walker Chandiok & Co. LLP remains the continuing statutory auditor, and the company has confirmed no material governance or accounting concerns were raised by the outgoing firm.
Raymond Realty Joint Auditor Resigns Following Fee Negotiations
Resignation effective October 28, 2026; Walker Chandiok & Co. LLP continues as sole statutory auditor.
Reader Takeaway: Auditor resignation stems from commercial fee disagreement, with no adverse findings on company governance or financial accounts.
What just happened
Raymond Realty Limited has confirmed the resignation of M/s. Chaturvedi & Shah LLP, one of its Joint Statutory Auditors. The exit is formally dated October 28, 2026. The auditor cited an increased scope of work and heightened professional responsibilities as a listed entity as the primary reasons for requesting higher audit fees. Management declined this request in late August 2026, leading to the firm’s decision to step down.
Why this matters
Auditor exits often attract investor scrutiny regarding corporate governance. However, the regulatory filings suggest this event is confined to a commercial impasse. Crucially, the resigning firm has provided a formal declaration confirming that their departure is not linked to any material disagreement concerning financial statements or management practices.
Governance and Compliance
Walker Chandiok & Co. LLP will continue its role as the Statutory Auditor for the company. Because the resignation was driven by a fee dispute rather than internal management concerns, the company confirmed that the Audit Committee did not need to intervene under existing SEBI regulatory frameworks.
What to track next
Investors should watch for upcoming corporate announcements regarding whether the company intends to appoint a new auditor to return to a joint-audit structure, or if it will proceed with a single statutory auditor model moving forward.