Announced Wed, 15 Jul · 17:17 IST
New statutory auditor appointed after predecessor resigns; MD pay fixed at INR 80,000 a month
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
Board appointed M/s Desai Saksena & Associates as statutory auditor to fill a casual vacancy from the resignation of M/s M. S. Rao & Associates LLP. New auditor holds office until the next AGM (by September 30, 2026), subject to shareholder approval. The firm has 40 plus years of audit experience. Board also approved INR 80,000 per month remuneration for Ms. Poonam Chaturvedi as Managing Director from July 1, 2026 to March 31, 2027, subject to shareholder approval.
Likely market impact
Midterm auditor change may prompt governance questions. New auditor is experienced. MD pay of about INR 80K a month signals a small-cap company.