Announced Tue, 23 Jun · 19:22 IST
Statutory Auditor resigns citing unpaid fees and business deadlock
FLEXITUFF · 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
-9.6%1-day move
₹6.70
prior close
₹6.83
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-0.4-6.1-6.1-9.6-14.0-17.9-17.9-18.8-17.2-26.0-31.6——
Up moveDown movePending
AI summary
Mahesh C. Solanki and Co, statutory auditor of Flexituff Ventures, resigned on 19 June 2026, about 9 months into a term set to run till March 2030. The auditor cited prolonged non-payment of audit fees despite reminders, plus a severe deadlock in the Company's business operations. The auditor flagged inability to obtain sufficient audit evidence with significant impact on financial statements, noting similar issues in prior quarter reviews.
Likely market impact
Serious governance red flag. Midterm auditor exit over unpaid fees, business deadlock, and evidence gaps may hurt investor confidence and stock price.