The notice issued by Orient Electric Limited on March 26, 2026, primarily focuses on a significant change in the company’s corporate governance through the appointment of new Statutory Auditors. Following the recommendation of the Audit Committee and pending shareholder approval, the Board of Directors has approved the appointment of M/s. Price Waterhouse Chartered Accountants LLP. This appointment is slated for a five-year term, beginning from the conclusion of the 10th Annual General Meeting in FY 2026-27 until the 15th Annual General Meeting in FY 2031-32.

Price Waterhouse Chartered Accountants LLP, established in 1991 and converted to an LLP in 2014, is a prominent member of the Price Waterhouse & Affiliates network in India. With its headquarters in New Delhi and seventeen branch offices across the country, the firm brings extensive experience in auditing and assurance services. As of December 31, 2025, the firm boasts over 125 Assurance Partners and holds a valid peer review certificate, qualifying it to audit various major listed companies in India.

Orient Electric Limited, a key entity within the diversified USD 3 billion CK Birla Group, is a leading Indian consumer electrical brand with a legacy spanning over sixty years. The company operates a diverse portfolio including fans, lighting, home appliances, and switchgears, maintaining manufacturing facilities in Kolkata, Faridabad, Hyderabad, and Noida. In recent updates for 2025 and early 2026, the company has focused on premiumization, particularly with its BLDC fan portfolio, and expanded its retail footprint by 4,500 outlets through “Mission Orange”. Recent management changes include the resignation of the Chief Human Resources Officer, Aditya Kohli, effective March 2026.

For the third quarter ended December 31, 2025, Orient Electric reported a robust revenue of ₹906.45 Crores, representing a year-on-year growth of 11%. However, consolidated net profit for the same period saw a slight decline of 4.37%, standing at ₹25.98 Crores compared to ₹27.17 Crores in the previous year. This dip in profitability was largely attributed to exceptional one-time expenses of ₹8.65 Crores related to new labor code regulatory assessments. Notable institutional investors in the company include Shekhavati Investments and Traders Ltd, which held approximately 6.02% as of late 2025.