Announced Wed, 15 Jul · 17:21 IST
New auditor appointed after mid-term resignation of previous auditor
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
+10.3%1-day move
₹105.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.3+12.2+16.0+14.3+8.6+11.4————
Up moveDown movePending
AI summary
The Board appointed M/s Desai Saksena and Associates as statutory auditors on July 15, 2026, filling the casual vacancy caused by the resignation of M/s M. S. Rao and Associates LLP. The new firm, established in 1984 with over 40 years of experience in statutory audits and corporate advisory, will serve until the next AGM. Separately, the Board approved INR 80,000 per month as remuneration for Managing Director Poonam Chaturvedi from July 1, 2026 to March 31, 2027.
Likely market impact
Mid-term auditor change may raise governance questions for investors; new auditor is experienced but reason for prior auditor exit is not disclosed.