Announced Thu, 25 Jun · 16:53 IST
Statutory Auditor Resigns Citing Lack of Records and Unpaid Fees
Board & Shareholder Meetings View source PDF
AURIGROW · 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
-9.4%1-day move
₹0.32
prior close
₹0.31
base price
After-mkt
timing
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+0.0+0.0+0.0-3.2-9.4-9.4-12.5-12.5-9.4—————
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AI summary
The board accepted the resignation of statutory auditor M/s S Parth and Co effective June 25, 2026. The auditor cited non-availability of audit records despite repeated requests, and unpaid professional fees. Appointed August 2025 with term till FY 2028-29 AGM. The auditor noted management-imposed limitations on audit evidence, with significant impact on financial statements and similar issues in prior reports.
Likely market impact
Negative — auditor exit citing non-cooperation and unpaid fees raises serious governance and audit quality concerns for shareholders.