Please see attached Disclosure

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

+3.8%Reaction day

₹3.69

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.3%+2.5% vs market

Non Banking Financial Company (NBFC) peers, median of 201sector+0.0%+3.8% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 3.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+3.8+1.3+2.5+0.0+3.8

Next day

+3.8+0.3+3.5-0.2+4.0

+3.8-0.5+4.3+0.7+3.1

+2.7+2.1+0.6+1.5+1.2

+3.3+3.1+0.1+1.4+1.8

+3.3+2.6+0.7+0.9+2.3

-2.4+0.6-3.0+0.4-2.8

15d

+7.3-1.4+8.7-1.4+8.8

+5.7-6.9+12.6-5.0+10.7

+0.0-7.7+7.7-7.9+7.9

+5.7+7.0-1.3+0.1+5.6

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 201Pending

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

AI summary

Atharv Enterprises' statutory auditor, J Singh & Associates, resigned effective January 21, 2026, citing the recent departure of a key audit partner from the firm which reduced its audit leadership capacity. The auditor did not raise any concerns about the company's affairs or financials, but refused to issue the limited review report for the quarter ended December 31, 2025 and the audit report for FY 2025-26. The Audit Committee met on February 3, 2026, took note of the resignation, and decided to appoint a new statutory auditor on an immediate basis to complete the pending reports.

Likely market impact

This is a governance concern — the outgoing auditor is walking away without completing key reports, which creates a gap in financial oversight and may delay timely financial disclosures. Shareholders should monitor for quick appointment of a replacement auditor and watch the upcoming Q3 and FY26 results closely for any surprises; near-term sentiment on the stock is likely to be cautious.