Tube Investments Appoints Price Waterhouse as Statutory Auditor and Announces Senior Management Changes
Tube Investments of India Limited (TII) announced key decisions made by its Board of Directors, approving the appointment of a new statutory auditor and detailing significant changes within its senior management team. The approvals were finalized at the board meeting held on June 29, 2026.The company confirmed that M/s Price Waterhouse Chartered Accountants LLP has been appointed as the Statutory Auditors for TII. This decision was made based on a recommendation from the Audit Committee of the company.
Auditor Appointment Details
M/s Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754N/N500016) will serve as the Statutory Auditors for a term spanning five consecutive years. This term commences from the conclusion of the ensuing 18th Annual General Meeting and concludes at the subsequent 23rd Annual General Meeting of the company.The appointment follows the completion of the second term by the current Statutory Auditors, M/s S R Batliboi & Associates LLP, Chartered Accountants (Firm Registration No, 101049WE300004).
Details regarding the appointed auditor are provided below:
| Detail | Description |
|---|---|
| Appointed Auditor | M/s Price Waterhouse Chartered Accountants LLP (PwC) |
| Appointment Term | Five consecutive years |
| Term Duration | From conclusion of 18th AGM (2026) until conclusion of 23rd AGM (2031) |
| Auditor Profile | Established in 1991 and converted to a limited liability partnership in 2014. PwC maintains seventeen branch offices across India. As of April 1, 2026, the firm has more than 120 Assurance Partners. |
Changes in Senior Management Personnel
The Board also approved changes within its senior management structure, based on recommendations from the Nomination and Remuneration Committee.Mr. S Venkataraman was appointed as Chief People Officer (CPO) and is effective immediately. Mr. R B Selvakumar, who served as EVP & Head HR, ceased to be a Senior Management Personnel of the Company due to his transition into a business role, also with immediate effect.
The newly appointed CPO brings extensive experience to TII. Mr. S. Venkataraman has approximately two and a half decades of experience spanning human resource, industrial relations, administration, CSR, land acquisition, and public relations across global operations in sectors including steel, automotive, mining, and power.
Key personnel changes are summarized below:
| Personnel | Status/Role | Effective Date |
|---|---|---|
| Mr. S Venkataraman | Appointed as Chief People Officer (CPO) | June 29, 2026 |
| Mr. R B Selvakumar | Ceased service as EVP & Head HR | Immediate effect |
TIINDIA Stock Price Movement
As of 1:29 PM, shares of Tube Investments of India Limited are shedding value, dropping 1.15% in live trading to trade at ₹3018.9. The stock has absorbed a significant intraday volume of 186,399 shares as the market continues to trade.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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