Announced Fri, 7 Aug · 13:55 IST
Statutory Auditor SRBC and Co LLP resigns after 10-year tenure cap
ARVSMART · 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
+9.6%1-day move
₹595.10
prior close
₹681.55
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-1.4-2.6-5.4+9.6+7.0+11.6+11.3+10.1+11.4————
Up moveDown movePending
AI summary
S R B C and Co LLP resigned as Statutory Auditors of Arvind SmartSpaces effective 7 August 2026. They completed 10 consecutive years of audit from 2016-17 to 2025-26, reaching the maximum tenure allowed under Section 139(2) of the Companies Act. They completed the FY26 audit and Q1 FY27 limited review. No concerns or issues were flagged. Their original term was until the 2027 AGM, so this is a routine mandatory rotation.
Likely market impact
Routine auditor rotation due to mandatory 10-year cap. No governance concerns. Company needs new auditor.