Investors have concern that auditor are some how related to promoter group( see the concall ). They( promoter ) explain that auditor are not related to promoter in any such way. But Investors seeing as corporate governance issue.
So that why,
I think they want to change the auditor, so investor don’t see corporate governance issue and get higher multiple.
See they removed they 1% royalty to promoter. They are working on corporate governance issue that investors raised in past one year.
Company is becoming more investor friendly. (Not the best corporate governance practices) but they are evolving.
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