The Deloitte company logo is seen at their office in Gurugram, India, June 13, 2023.
The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani.
"The Audit Committee (of Adani Ports) was of the view that the grounds advanced by Deloitte for resignation as Statutory Auditor were not convincing or sufficient to warrant such a move," it said.
Adani Ports has named MSKA & Associates, an independent member firm of BDO International, as its new auditor, it said in the statement.
Deloitte in May first pointed to certain transactions flagged by Hindenburg in its report and gave only a qualified opinion related to Adani Ports, indicating concerns by a company's auditor.
Persons:
Anushree, Gautam Adani, Hindenburg, Aditya Kalra, Ros Russell
Organizations:
Deloitte, REUTERS, U.S, Adani Group, GQG Partners, Sanghi Industries, Associates, BDO International, Thomson
Locations:
Gurugram, India, Adani Ports, Australia, New Delhi