Welspun Specialty Solutions has informed that the Board of Directors of the Company have taken on record the letter received from Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016), expressing their intention to resign as the Statutory Auditors of the Company at the conclusion of Annual General Meeting of the Company for the reason mentioned in their letter; The Board of Directors have, based on the recommendation of the Audit Committee and subject to approval of the Shareholders, approved the appointment of BSR & Co. LLP, Chartered Accountants, (Firm Reg. No.101248W/W-100022) as the Statutory Auditors of the Company, to fill up the casual vacancy caused by the resignation of Price Waterhouse Chartered Accountants LLP, for a period of 5 years commencing from the conclusion of ensuing 42nd Annual General Meeting till the conclusion of 47th Annual General Meeting, pursuant to Section 139 and other applicable provisions, if any, of the Companies Act, 2013; Arrangement to procure the renewable energy from Welspun Renewable Energy or its existing or proposed subsidiary, a related party of the Company, for the Company’s plant at Jhagadia.
The above information is a part of company’s filings submitted to BSE.
