Karachi: Escorts Investment Bank Limited has officially announced a change in its statutory auditors, effective June 5, 2026. According to a notification issued on June 9, 2026, the company revealed that M/s Ilyas Saeed & Co. Chartered Accountants will no longer serve as the statutory auditors for the bank.

The decision marks a notable development within the financial and investment sector, particularly in the designated market category of the Pakistan Stock Exchange (PSX). The notification, addressed to the TRE Certificate Holders of the Exchange, emphasized the cessation of M/s Ilyas Saeed & Co.'s role as auditors and the subsequent appointment of a new entity, which remains unnamed in the release.

According to information available from the Pakistan Stock Exchange (PSX), such changes in statutory auditors are procedural yet significant for stakeholders, as they ensure compliance with regulatory standards and maintain transparency in financial reporting.

Stakeholders and investors of Escorts Investment Bank Limited have been advised of this change, reflecting the company's ongoing commitment to uphold governance and regulatory practices. As the transition takes place, the banking and investment community will be observing the outcomes of this development closely.