Board approves Q1 results; SRBC resigns as auditor, Walker Chandiok appointed

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+9.8%Reaction day

₹595.10

prior close

₹659.40

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.0%+9.7% vs market

Residential Commercial Projects peers, median of 66sector-0.3%+10.1% vs sector

On the reaction day the stock moved 9.7 pts more than Nifty Microcap 250 and 10.1 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

+1.5

15m

+4.0

30m

+1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+9.8+0.0+9.7-0.3+10.1

Next day

+9.6-0.0+9.7+0.1+9.6

+7.0-0.2+7.2-0.1+7.1

+11.6+0.2+11.4-1.0+12.6

+11.3+0.3+10.9-0.4+11.6

+10.1+0.4+9.7-0.4+10.5

+11.4+0.9+10.5-0.6+12.0

15d

+10.9+1.6+9.3-0.7+11.7

+9.1+2.0+7.1-1.2+10.4

+3.0+0.6+2.5-5.1+8.2

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

On 7 August 2026, the board approved unaudited standalone and consolidated financial results for Q1 FY27 (quarter ended 30 June 2026). SRBC and Co LLP resigned as statutory auditor on the same day. Walker Chandiok and Co LLP was appointed to fill the casual vacancy, and also approved as statutory auditor for 5 years from the upcoming AGM till 2031, subject to shareholder approval.

Likely market impact

Auditor change mid-term may raise brief governance questions; replacement by reputed firm Walker Chandiok should limit investor worry.