Announced Wed, 15 Jul · 17:22 IST
New statutory auditor appointed after M S Rao resignation, MD remuneration fixed
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
CCME Global appointed M/s Desai Saksena and Associates as new statutory auditors to fill a casual vacancy caused by the resignation of M/s M. S. Rao and Associates LLP. The new firm, established in 1984 with 40 plus years of experience, will serve until the next AGM. Separately, the Board approved a monthly remuneration of INR 80,000 for Managing Director Ms. Poonam Chaturvedi for the period July 1, 2026 to March 31, 2027, subject to shareholder approval.
Likely market impact
Auditor change is routine but worth monitoring. MD pay is modest at INR 80,000 per month. Neutral for shareholders.