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Zomato Announces Auditor Resignation for Subsidiaries, Appoints Deloitte for Streamlined Audit Process

• ByStartupStory     |    May 13, 2024

Zomato has announced the resignation of the auditor for its subsidiaries, Zomato Hyperpure and Blink Commerce, effective immediately. The move is part of a strategic decision to appoint Deloitte Haskins & Sells LLP, the auditor currently handling Zomato’s main operations, in order to streamline the audit process across the company.

According to a regulatory filing on Sunday, Batliboi & Associates, the former auditor appointed for a five-year term starting April 1, 2023, stepped down from their role at Zomato Hyperpure Private Limited (ZHPL) and Blink Commerce Private Limited (BCPL) as of May 12, 2024. This change comes just before Zomato’s board meeting scheduled for Monday, where the results for the fourth quarter and the financial year ending March 2024 will be reviewed and approved.

The resignation letter from Batliboi & Associates highlighted the rationale behind this decision. “Further to our various discussions and email dated May 8, 2024, from the Global Controller Finance, Zomato Limited, we understand that the holding company’s management wants to align the statutory auditor of the company with the auditors of the holding company responsible for the audit of consol accounts to avoid some duplication and bring some efficiencies in the audit process at group level,” the firm stated.

 

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