BENGALASMBSEBengal & Assam Company LtdMediumNeutral
Announced Wed, 13 May · 18:35 IST

Resignation of Secretarial Auditor of the Company- Intimation under Regulation 30 of the SEBI Listing Regulations, 2015

Auditor Resigned MidtermManagement Changes View source PDF

BENGALASM · price

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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹6579.50
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.4-6.2-5.8-6.2-4.2+0.3+6.5-2.4-4.2
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AI summary

Bengal & Assam Company Ltd has announced the resignation of Shri Namo Narain Agarwal as the Secretarial Auditor of the Company. The resignation is effective from the date of the ensuing Board Meeting. The reason stated for the resignation is health issues. The outgoing auditor has confirmed that there are no material reasons behind the resignation other than health concerns. The company has made this disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Likely market impact

The resignation of the secretarial auditor, while attributed to health reasons with no material concerns flagged, indicates a change in the company's governance support structure. Shareholders should monitor for the appointment of a new secretarial auditor at the upcoming Board Meeting.