Gloster appoints new auditor after Price Waterhouse resignation

Gloster Limited's audit committee and board of directors, at a meeting on September 11, 2025, noted the resignation of Price Waterhouse & Co Chartered Accountants LLP as statutory auditors for both the company and its material subsidiary, Fort Gloster Industries Limited. The company stated no reasons for the resignation were provided other than those mentioned in the resignation letter.

Following this, the board of directors, acting on the audit committee's recommendation, approved the appointment of Singhi & Co., Chartered Accountants, effective September 11, 2025. This appointment will fill the casual vacancy created by the previous auditor's departure and is subject to shareholder approval. The material subsidiary also made the same appointment, subject to its shareholders' approval.

Singhi & Co., founded in 1940, is a leading firm of chartered accountants in India, with over 600 professionals providing services in audit, assurance, risk consulting, and corporate finance. The firm serves over 100 listed companies and is part of the Moore Global Network.