Tata Chemicals Share Price in Focus as KPMG Resigns as Auditor of Four UK Subsidiaries

Tata Chemicals has informed the stock exchanges that KPMG LLP has stepped down as statutory auditor of four of its material subsidiaries in the UK. The companies are Homefield Pvt. UK Limited, TCE Group Limited, Brunner Mond Group Limited and British Salt Limited.  

The resignations took effect on September 16, 2026. KNAV Limited has been appointed as the new statutory auditor for all four companies.  

KPMG Resigns From Four UK Subsidiaries 

Homefield Pvt. UK Limited is a holding company, while TCE Group Limited and Brunner Mond Group Limited are intermediate holding companies. All three have no other operations, according to the filing. 

British Salt Limited is the operating company among the four and accounts for around 5% of Tata Chemicals' consolidated revenue.  

KPMG had been appointed as auditor of these companies on July 6, 2022. Its term was scheduled to run until March 31, 2027.  

Audit Fees Behind the Resignation 

The reason given for KPMG's resignation was related to audit fees. The firm said that continuing with the audit fees charged in previous years was no longer acceptable to the respective companies.  

The same reason appears in the resignation statements for Homefield, TCE Group, Brunner Mond Group and British Salt. KPMG also stated that there was no other matter that needed to be brought to the attention of the companies' members or creditors.  

Tata Chemicals said the outgoing auditors had not raised any concerns about the affairs of these subsidiaries with their respective audit committees or boards.  

KNAV Appointed as New Auditor 

Following KPMG's resignation, KNAV Limited has been appointed as the statutory auditor of all four UK subsidiaries. The change was communicated to the companies through letters dated September 25, 2026.   

The filing also includes KPMG's resignation letters and statements for each of the four companies. The letters confirm that the resignations became effective on September 16.  

Read More: LG Electronics India Share Price in Focus After Receiving ₹153.57 Crore Customs Notice! 

Tata Chemicals Share Price Performance  

As of 25 September 2026, Tata Chemicals Ltd share price closed at ₹643.75 per share, reflecting a decline of 1.30% from the previous trading session. 

Conclusion 

Tata Chemicals is changing the statutory auditor for four of its UK subsidiaries after KPMG resigned from the assignments. The reason given in the filing is that the existing audit fee levels were no longer acceptable to the respective companies. 

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