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Zomato announces resignation of subsidiary auditor, appoints Deloitte to streamline audit process

Foodtech

Zomato has announced the resignation of the auditor for its subsidiaries Zomato Hyperpure and Blink Commerce with immediate effect. The move is part of a strategic decision to appoint Deloitte Haskins & Sells LLP, the auditor currently managing Zomato’s core operations, to streamline the audit process across the company.

According to a regulatory filing on Sunday, Batliboi & Associates, a former auditor appointed for a five-year term from April 1, 2023, has stepped down from his role in Zomato Hyperpure Private Limited (ZHPL) and Blink Commerce Private Limited (BCPL) as with effect from May 12, 2024. This the change comes just ahead of Zomato’s board meeting scheduled for Monday, where results for the fourth quarter and financial year ending March 2024 will be reviewed and approved.

A resignation letter from Batliboi & Associates highlighted the reasons for the decision. “Following our various discussions and emails dated May 8, 2024 from the Global Controller Finance, Zomato Limited, we understand that the management of the holding company wants to align the company’s statutory auditor with the holding company’s auditors responsible for the audit. console accounts to avoid some duplication and bring some streamlining of the audit process at the group level,” the firm said.

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