Announced Fri, 17 Apr · 15:33 IST

Intimation of Appointment of Atatutory Auditor

Auditor Resigned MidtermManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close

+8.6%1-day move

₹0.70

prior close

₹0.73

base price

After-mkt

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+0.0+0.0+0.0+0.0+8.6+12.9+17.1+22.9+28.6+40.0+57.1+104.3+137.1+134.3

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AI summary

Evexia Lifecare Ltd has appointed M/s. Tejas K. Soni and Company, Chartered Accountants as its new Statutory Auditor. The appointment was made to fill a casual vacancy caused by the resignation of the previous auditor for the financial year 2025-26. The appointment was approved by the Board on February 17, 2026, but the company admitted to a delay in disclosing this information to BSE, citing administrative oversight. The new auditor is a Vadodara-based firm that is peer-reviewed by ICAI. The company stated it has strengthened internal compliance mechanisms to prevent future delays.

Likely market impact

The mid-term resignation of the previous auditor may raise minor concerns about audit continuity and could signal underlying issues, though the appointment of a peer-reviewed firm provides some reassurance. The delayed disclosure itself reflects a governance gap that investors should note.