Leadership
B S R & Co. Resigns as Automobile Corporation of Goa Auditor Ahead of Tata Motors Subsidiary Shift
By News Desk ·
Key takeaways
- B S R & Co. LLP resigned as statutory auditor of Automobile Corporation of Goa effective November 12, 2026.
- The firm said the resignation was mutually agreed to align auditors with Tata Motors Limited as the company moves from associate to subsidiary.
- B S R & Co. issued its audit report on the financial statements for the period ended September 30, 2026, on October 21, 2026, with no concerns raised.
B S R & Co. LLP resigned as statutory auditor of Automobile Corporation of Goa Limited effective November 12, 2026, the company said in a disclosure to ScanX. The firm's exit follows the company's expected transition from an associate to a subsidiary of Tata Motors Limited.
Why B S R & Co. Stepped Down
The audit firm said the resignation was mutually agreed upon to maintain consistency in the audit process. According to discussions with management, Automobile Corporation of Goa intends to align its auditors with those of Tata Motors Limited to ensure synergies during the ownership transition. The firm confirmed there were no concerns raised regarding the management of the company and no other material reasons for the departure beyond those stated in the resignation letter.
B S R & Co. LLP was appointed as statutory auditors pursuant to a shareholder resolution dated June 24, 2022. Its term was scheduled to hold office for five years until the conclusion of the 47th Annual General Meeting in 2027. Before resigning, the firm completed the audit of financial statements and results for the quarter and year-to-date period ended September 30, 2026, issuing its report on October 21, 2026.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company enclosed the relevant details as prescribed under SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/II/3762/2026 dated January 30, 2026, along with a copy of the resignation letter from the audit firm.
B S R & Co.'s Other Recent Auditor Changes
Oberoi Realty's board approved B S R & Co. LLP as statutory auditors for a five-year term from 2027 to 2032, subject to member approval at the 29th AGM in 2027, ScanX reported in October 2026. The appointment replaces S R B C & Co. LLP, whose second term ends at the same AGM.
B S R & Co. LLP resigned as statutory auditor of Biocon Biologics Limited effective August 6, 2026, to align with parent company Biocon Limited's audit structure following mandatory rotation requirements, ScanX reported. Prataap Snacks Limited's Board approved the re-appointment of B S R & Co. LLP as statutory auditors for a five-year term ending in 2031, based on Audit Committee recommendations, ScanX reported in August 2026.
Auditor Changes at Dolat Algotech and Grupo Radio Centro
Dolat Algotech shareholders approved M/s. Vijay Mehta & Co as statutory auditors and Mrs. Vijyatta Jaiswal as independent director at an EGM on November 4, 2026, ScanX reported. The virtual meeting, presided by Mr. Thomas Fernandes, passed resolutions via NSDL e-voting.
Grupo Radio Centro's board met on October 30, 2026, to consider external auditor appointment, The future of trading reported. Directors unanimously reappointed Castillo, Miranda y Compañía under the service contract presented.
Swati Salgaocar Postal Ballot Closes December 15
Shareholders are voting on the appointment of Swati Shivanand Salgaocar as a Non-Executive Independent Director, with the postal ballot open from November 16 to December 15, 2026. The scrutinizer, Shivaram Bhat, will submit the report on the postal ballot results by December 17, 2026.