IL&FS Investment Managers' statutory auditors, KKC & Associates LLP, have resigned effective August 13, 2026. The company cited a group-wide alignment of auditors as the reason. The auditors confirmed no other issues and completed their latest review.
IL&FS Investment Managers Ltd.
Auditors Resign Due to Group Alignment
IL&FS Investment Managers Ltd. announced that its statutory auditors, M/s. KKC & Associates LLP, have resigned. Their resignation is effective August 13, 2026.
The company stated the resignation is part of a planned alignment of statutory auditors across entities within the broader IL&FS Group. KKC & Associates LLP confirmed there are no other reasons for their departure beyond this strategic group-level change.
Importantly, the auditors completed and issued their Limited Review Report for the quarter ending June 30, 2026, before their resignation. This ensures the latest financial review was finalized.
KKC & Associates LLP was initially appointed as the statutory auditor at the company's 38th Annual General Meeting on August 30, 2024. Their tenure was set to last for five years, concluding at the 43rd AGM.
Reader Takeaway: Auditor change due to group strategy; ensure new auditor appointment is timely.