Announced Tue, 4 Aug · 20:15 IST
Statutory auditor TLB & Co resigns, RNM & Associates appointed
BILVYAPAR · 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
-2.5%1-day move
₹4.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.5+2.0+6.5+3.0+2.5+3.5+6.5+1.8——
Up moveDown movePending
AI summary
Statutory auditor TLB & Co resigned effective Aug 4, 2026, citing pre-occupation with other professional work. The Committee of Creditors accepted the resignation. RNM & Associates, Chartered Accountants (Lucknow-based firm with 6 partners) appointed as new statutory auditor, subject to AGM approval. The company is currently under Corporate Insolvency Resolution Process since November 2025.
Likely market impact
Auditor change during ongoing insolvency process; new auditor needs shareholder approval at AGM. Monitor for any governance red flags.