Statutory Auditor M/s. S S R V and Associates resigns effective Aug 13, 2026
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.1 pts more than its Speciality Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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7NR Retail's statutory auditor M/s. S S R V and Associates resigned effective Aug 13, 2026, before the scheduled term end of March 31, 2030. Reason given: firm took on several new assignments requiring substantial time and resources, making it unable to continue as auditor. The auditor confirmed no concerns about management, no disputes, and no material reason. Last report submitted was Q1 FY27 limited review dated July 29, 2026. Board will appoint a new auditor to fill the casual vacancy.
Midterm auditor exit with no governance concerns flagged; Board must appoint a replacement statutory auditor soon.