Adani Ports names new auditors after Deloitte resigns

New Delhi: Adani Ports says it has appointed MSKA & Associates as the statutory auditors of the company, effective Aug 12.

The move comes after Adani Ports voted at a board meeting last Saturday to accept the resignation of Deloitte Haskins & Sells LLP. The appointment is effective until the date of the company’s next annual general meeting to be held in 2024, Adani said in a regulatory filing.

The Indian unit of Deloitte in May raised concerns over transactions between Adani Ports and three entities that Adani said were unrelated parties.

The auditor said at the time it couldn’t verify Adani’s claims and couldn’t determine if the business was fully compliant with local laws. — Bloomberg