Announced Thu, 22 Oct, 2026 · 19:29 IST

Subsidiary statutory auditor resigns before term ends

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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

-4.3%Reaction day

₹159.95

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Nifty Microcap 250market · in no size index; the smallest one is used-2.3%-2.0% vs market

Auto Components & Equipments peers, median of 125sector-2.1%-2.2% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.2 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

S.N. Gadiya and Co. resigned as statutory auditor of wholly owned subsidiary Sleeploop India Private Limited with effect from 22 October 2026. The firm cited personal reasons and inability to devote time to its affairs. Its term was scheduled to end in 2029. It reported no concerns about management and no other material reason.

Likely market impact

The resignation creates an auditor vacancy at the subsidiary, but the filing reports no governance or financial concern. No replacement is stated.