Mumbai: Price Waterhouse & Co Chartered Accountants LLP, a network firm of PwC India, has resigned as an auditor of BSE listed Eveready Industries India Ltd . These transactions would now be scrutinised by the incoming auditor and will have to question EIIL about the same. “Neither the deed has been executed nor the refund claimed,” PwC clarified in the audit report. EIIL posted an EBITDA loss of Rs 11.3 crore as per the latest filings.The resignation comes weeks after PwC resigned as auditor of Reliance Capital and Reliance Home Finance. PwC had not gone into the specifics but merely hinted that there were certain transactions involving the group companies.

Source: Economic Times June 30, 2019 09:45 UTC