Announced Mon, 29 Jun · 13:37 IST
Auditor changes: new statutory and internal auditors appointed after resignations
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
+2.9%1-day move
₹29.50
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.9+7.6+7.5+2.2—-3.4-0.6———
Up moveDown movePending
AI summary
Board appointed M/s. Shivam Soni & Co. as new statutory auditor to fill the casual vacancy from M/s. Maark & Associates' resignation on 28th May 2026. They will serve till the AGM for FY 2025-26 and conduct the statutory audit for FY 2026-27, subject to shareholder approval. Internal auditor M/s. S. Mandawat & Co. also resigned on 29th June 2026 citing preoccupation with other assignments, and M/s. Mitt & Co. was appointed as the new internal auditor for FY 2026-27.
Likely market impact
Two auditor changes in quick succession. No red flags stated, but worth monitoring governance and shareholder approval outcome at the AGM.