Announced Tue, 1 Sept, 2026 · 17:01 IST
Auditor resigns over fee dispute; new auditor appointed for 5-year term
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.9%1-day move
₹12.75
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-4.9———-9.6—+18.0+23.8——
Up moveDown movePending
AI summary
Statutory auditor M/s. Jain Kedia & Sharma resigned on August 31, 2026, citing inability to agree on revised professional fees. To fill the casual vacancy, the board appointed M/s. V. V. Patel & Co. (FRN: 118124W), based in Ahmedabad, effective September 1, 2026, until the next AGM. V. V. Patel & Co. is also recommended for a continuous 5-year term until the 2031 AGM, subject to shareholder approval.
Likely market impact
Mid-term auditor change driven by fee disagreement, no governance red flags. New auditor needs shareholder approval for 5-year term.