Kaynes Technology dismisses rumors of auditor change, reporting lapses

Kaynes Technology India Limited has clarified that no negotiations are underway to change its statutory auditors, nor has the company made any decisions to do so. This statement comes in response to inquiries from BSE Limited and the National Stock Exchange of India Limited concerning a news item published on "www.moneycontrol.com" dated December 8, 2025, which suggested the company would change auditors after admitting reporting lapses.

The company emphasized that the media reports were based on an "incorrect interpretation of management's general remarks made during a media interaction." Kaynes Technology stated that while it periodically evaluates opportunities to strengthen professional collaboration, "no negotiations are underway" regarding auditor changes, and "no such decisions" are under consideration. Furthermore, there have been no discussions, decisions, or proposals before the board or the audit committee regarding any change, and the current auditors continue their approved tenure.

Kaynes Technology also confirmed that it has promptly disclosed all material events and information to the exchanges and that there are no regulatory or legal proceedings initiated or contemplated against the company. The company concluded that the article has "no material impact" as the reported negotiations and decisions are not taking place.