EQS-News: Nagarro SE: Nagarro initiates change of group auditor

EQS-News: Nagarro SE / Key word(s): Strategic Company Decision Nagarro SE: Nagarro initiates change of group auditor 11.09.2023 / 09:00 CET/CEST The issuer is solely responsible for the content of this announcement. September 11, 2023 – Nagarro’s Supervisory Board decides to propose the election of KPMG AG Wirtschaftsprüfungsgesellschaft as auditor of the Nagarro group for the year 2024 to the upcoming Annual Shareholders’ Meeting in 2024. On the recommendation of the Audit Committee, the Supervisory Board of Nagarro SE has resolved in its meeting of September 07, 2023, to propose the election of KPMG AG Wirtschaftsprüfungsgesellschaft as the auditor for the annual financial statements and the consolidated financial statements of Nagarro SE for the financial year 2024, to the upcoming Annual Shareholders’ Meeting in 2024. This recommendation is the result of several consultations between the Supervisory Board, the Audit Committee, Nagarro’s internal project team, and the Management Board of Nagarro SE, as well as a comprehensive public and non-discriminatory tender procedure in accordance with the relevant provisions of the EU Audit Regulation. In the Annual Shareholders’ Meeting of Nagarro SE held in June 2023, LOHR + COMPANY GmbH was re-appointed as auditor of Nagarro SE for the audit of the annual financial statements and the consolidated financial statements for the financial year 2023. Subsequent to this, Nagarro has shortlisted globally recognized audit firms that will conduct the fit for consolidation audits based on instructions provided by LOHR + COMPANY or statutory audits of several legal group entities for the year 2023, which in 2022 together accounted for approximately 60% of the consolidated revenues of the Nagarro group. "We initiated the selection process early on to ensure a smooth transition of the engagement in line with the requirements of auditor independence," said Christian Bacherl, chairperson of the Audit Committee. Manas Human, Custodian of Entrepreneurship in the Organization, added: "Every investor is important to us. Still, we would like to make Nagarro even more attractive for large international institutional investors who are familiar with our peer group. Nagarro has taken several steps in this direction, like expanding our Supervisory Board with independent directors and adding US representation. Globally recognized audit firms are already auditing some key Nagarro legal entities, and this move towards appointing a global audit firm at the group level further demonstrates our commitment towards the highest levels of corporate governance and transparency." About Nagarro Nagarro, a global digital engineering leader, helps clients become innovative, digital-first companies and thus win in their markets. The company is distinguished by its entrepreneurial, agile, and global character, its CARING mindset, and its approach of thinking breakthroughs. Nagarro employs over 19,500 people in 35 countries. For more information, visit www.nagarro.com. FRA: NA9 (SDAX/TecDAX, ISIN DE000A3H2200, WKN A3H220) For inquiries, please contact [e-mail]. 11.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	Nagarro SE
	Baierbrunner Straße 15
	81379 München
	Germany
Phone:	089 / 785 000 282
Internet:	www.nagarro.com
ISIN:	DE000A3H2200
WKN:	A3H220
Indices:	SDAX, TecDAX
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1722607

End of News	EQS News Service

1722607  11.09.2023 CET/CEST