Viceroy Hotels Limited Announces Change in Statutory Auditor for Subsidiary SLN Terminus Hotels & Resorts Private Limited
Viceroy Hotels Limited confirmed a change in its statutory auditors for its wholly-owned material subsidiary, SLN Terminus Hotels & Resorts Private Limited. The Board of Directors of the subsidiary company approved the appointment of M/s KGM & Co., Chartered Accountants to fill a vacancy created by the resignation of M/s Dhanunjaya & Haranath, Chartered Accountants.The change in auditing firms pertains to SLN Terminus Hotels & Resorts Private Limited. M/s Dhanunjaya & Haranath tendered their resignation as Statutory Auditors, citing changes in the management consequent to Viceroy Hotels Limited's acquisition and strategic reallocation of resources across the group companies. The auditors resigned effective July 31, 2026.
M/s Dhanunjaya & Haranath had been appointed as the Statutory Auditors from September 30, 2025, with a scheduled term ending March 31, 2030. Prior to their resignation, the firm submitted the latest audit report for the quarter ended June 30, 2026.
Key details regarding the resignation are presented below:
| Particulars | Details |
|---|---|
| Reason for Change | Resignation due to change in management consequent to acquisition by Viceroy Hotels Limited and strategic reallocation of resources between group companies. |
| Date of Cessation | July 31, 2026 |
| Previous Auditor | M/s Dhanunjaya & Haranath, Chartered Accountants |
In line with the transition, M/s KGM & Co., Chartered Accountants, was appointed to take over as the Statutory Auditors of SLN Terminus Hotels & Resorts Private Limited. The appointment became effective on July 31, 2026.
The terms of the new appointment state that M/s KGM & Co. will serve until the conclusion of the 12th Annual General Meeting of the subsidiary company and for five years thereafter, subject to shareholder approval.
M/s KGM & Co., is a Hyderabad-based firm with over 15 years of experience in professional services including audit, assurance, taxation, accounting, and financial advisory. The firm operates across diverse sectors such as real estate, manufacturing, hospitality, and healthcare, serving over 1,000 clients across India.
Details regarding the appointed auditors are as follows:
| Particulars | Details |
|---|---|
| Appointed Auditor | M/s KGM & Co., Chartered Accountants |
| Date of Appointment | July 31, 2026 |
| Term of Appointment | Until the conclusion of the 12th Annual General Meeting and for five years thereafter (subject to shareholder approval). |
VHLTD Stock Price Movement
Viceroy Hotels Limited closed today, edging higher to settle at ₹134.13, after shareholders gained 3.34% in the session.The stock traded with a volume of 19,926 shares and reached a daily high of ₹136.59 before closing.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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