Zomato Subsidiaries Hyperpure and Blink Commerce’s Auditor Resigns; Deloitte To Be Appointed
Batliboi & Associates, who was appointed as statutory auditors of the two wholly-owned subsidiaries for five years beginning April 1, 2023, till the conclusion of the 13th AGM, resigned w.e.f. May 12, 2024, Zomato said in a regulatory filing.
New Delhi, May 12: Zomato on Sunday said the auditor of its subsidiaries Zomato Hyperpure and Blink Commerce has resigned with immediate effect, paving the way for the food tech platform’s auditor Deloitte Haskins & Sells to be appointed in its place to make the audit process more efficient.
Batliboi & Associates, who was appointed as statutory auditors of the two wholly-owned subsidiaries for five years beginning April 1, 2023, till the conclusion of the 13th AGM, resigned w.e.f. May 12, 2024, Zomato said in a regulatory filing. Zomato Delivery Boy Strike, Backed by Eknath Shinde-Led Shiv Sena Faction, Hits Mumbai Today, Know Their Demands.
”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,” Batliboi & Associates stated. Zomato Weather Union: Food Delivery Platform Unveils India’s First Crowd-Supported Weather Infrastructure That Provides Real-Time and Localised Climate Data; Know More Details.
In the regulatory filing, Zomato informed that the reason for resignation is to allow for the appointment of the current statutory auditor of the company, Deloitte Haskins & Sells LLP, as the statutory auditor of Zomato Hyperpure Private Limited (ZHPL) and Blink Commerce Private Limited (BCPL) as well, to make the audit process more efficient. The Zomato’s board is slated to meet on Monday to consider and approve the results for the fourth quarter and financial year ended March 2024.
(The above story first appeared on LatestLY on May 12, 2024 05:35 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).