Board approves auditor changes, fixes 15th AGM on Sep 25

Management Changes View source PDF Explain this filing

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

+0.5%Reaction day

₹2.14

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+1.1% vs market

Gems, Jewellery And Watches peers, median of 39sector-0.1%+0.6% vs sector

On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.6 pts more than its Gems, Jewellery And Watches 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

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5-0.6+1.1-0.1+0.6

Next day

+0.9+0.0+0.9+0.5+0.4

+0.9+0.7+0.2+0.0+0.9

+3.3+1.1+2.2+1.1+2.2

+9.8+1.6+8.2+1.8+8.0

+4.7+1.5+3.2+2.4+2.3

+1.9+1.4+0.5+2.0-0.1

15d

+0.5+0.4+0.0-1.2+1.6

-1.9-1.4-0.5-0.7-1.1

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UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 39Pending

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

AI summary

Darshan Orna board on Sept 1 noted resignations of statutory auditor Shah Karia & Associates and secretarial auditor Neelam Somani & Associates citing personal reasons. It appointed P H Shah and Co as new statutory auditor and SS Lunkad and Associates as secretarial auditor for 5 years (FY26-27 to FY30-31), subject to shareholder approval. 15th AGM fixed for Sept 25 at 1 PM via video conferencing. Annual Report for FY25-26 also approved.

Likely market impact

Routine auditor changeover aligned with AGM cycle; new auditors already lined up, so no governance discontinuity for shareholders.