Announced Wed, 1 Jul · 18:05 IST
Statutory Auditor resigns mid-term citing unviable audit fees
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
+16.7%1-day move
₹427.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+16.7+15.1+12.8+12.4+19.7+22.5+21.8———
Up moveDown movePending
AI summary
Piyush Kothari and Associates resigned as Statutory Auditor of Exhicon Events Media Solutions effective June 30, 2026, before their term expiry on March 31, 2027. Reason: rising audit effort for listed companies versus unviable audit fees. The FY2026 audit was already completed, with report issued May 18, 2026. No other material reasons or management concerns were flagged. The Board will fill the casual vacancy.
Likely market impact
Mid-term auditor exit but commercially motivated, no governance red flags. A new auditor will be appointed shortly.