Statutory Auditor PRS V and Co resigns mid-term citing workload

Auditor resigned mid-termManagement Changes View source PDF Explain this filing

GAYAHWS · price

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

-3.6%Reaction day

₹1.97

prior close

₹1.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-3.6% vs market

Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6sector-1.0%-2.6% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 2.6 pts less than its Road Assets - Toll Annuity Hybrid-Annuity 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

Stock

-8.5

10m

-3.5

15m

-3.5

30m

-2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.6+0.1-3.6-1.0-2.6

Next day

-3.6+0.2-3.8-1.5-2.1

-2.5+0.6-3.1-2.9+0.4

-1.0-0.0-1.0-3.3+2.3

-2.5+0.5-3.0-3.9+1.3

-2.0+0.8-2.8-4.7+2.7

-1.5+0.6-2.1-6.1+4.6

15d

-2.0+1.3-3.3-5.2+3.1

-3.6-1.4-2.2-8.4+4.8

-8.1-0.6-7.5-10.9+2.8

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UpDownMarket · Nifty Microcap 250Sector · Road Assets - Toll Annuity Hybrid-Annuity peers, median of 6Pending

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

AI summary

PRS V and Co LLP, Chartered Accountants, has resigned as statutory auditor of Gayatri Highways with immediate effect from 13 August 2026. They were appointed in September 2022 for a 5-year term until the 2027-28 AGM. Reasons cited: increased professional workload elsewhere and manpower constraints. The auditor confirmed resignation is not due to any inability to obtain audit evidence or any dispute with management. They completed the FY26 audit and Q1 FY27 limited review before stepping down.

Likely market impact

Mid-term auditor change may cause short-term delays in audits; firm cites no governance concerns, but watch for timely appointment of new auditor.