Statutory Auditor CNK and Associates resigns mid-term over fee disagreement

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

BHARATWIRE · price

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

+2.2%Reaction day

₹174.22

prior close

₹178.99

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.0%+1.2% vs market

Iron & Steel Products peers, median of 94sector+0.2%+1.9% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 1.9 pts more than its Iron & Steel Products 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

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2+1.0+1.2+0.2+1.9

Next day

-0.0+0.5-0.5+0.3-0.4

+1.0-0.0+1.0-0.2+1.2

+0.4-1.5+1.9-0.7+1.2

-0.0-2.2+2.2-2.1+2.1

+0.7-1.2+1.9-1.4+2.1

+6.3-2.4+8.7-2.4+8.7

15d

-5.0-8.8+3.8-7.2+2.2

-5.6-8.3+2.7-8.0+2.4

-1.6-3.5+2.0-2.1+0.5

+44.3+6.4+37.9+4.3+40.0

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

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

AI summary

Bharat Wire Ropes' statutory auditor CNK and Associates LLP resigned on 9 February 2026, about four months into a five-year term that was scheduled to run until the 2030 AGM. The firm cited the company's inability to raise audit fees as the reason. It had already completed the Q3 limited review and raised no concerns about management. The board will appoint a new auditor to fill the casual vacancy.

Likely market impact

Mildly negative. Mid-term auditor exit over fees with no management concerns raised. Watch for the new auditor appointment to fill the casual vacancy.