Price Waterhouse resigns; Singhi & Co. appointed as statutory auditor

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

GLOSTERLTD · price

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

+2.9%Reaction day

₹641.00

prior close

₹641.25

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+3.0% vs market

Paper Forest & Jute Products peers, median of 21sector · industry level-0.0%+3.0% vs sector

On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 3.0 pts more than its Paper Forest & Jute Products 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

+0.0

10m

+1.3

15m

+2.0

30m

+2.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.9-0.1+3.0-0.0+3.0

Next day

+2.8+0.7+2.1-0.6+3.4

+1.1+1.2-0.1+0.2+0.9

+4.4+1.9+2.5-0.4+4.8

+2.3+1.6+0.7-0.6+2.9

+1.8+2.0-0.2-1.2+3.0

+3.9+0.9+3.0-2.0+5.9

15d

-0.2-1.4+1.3-2.6+2.5

-0.4-1.6+1.2-4.1+3.7

+0.6-0.7+1.3-10.0+10.7

-0.2-6.0+5.8-16.1+15.9

UpDownMarket · Nifty Microcap 250Sector · Paper Forest & Jute Products peers, median of 21Pending

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

AI summary

Price Waterhouse & Co resigned as statutory auditor of Gloster and its main subsidiary, Fort Gloster Industries. The filing gave no specific reason for the resignation. On 11 September 2025, the board appointed Singhi & Co., a firm with over 600 staff and more than 100 listed clients, subject to shareholder approval.

Likely market impact

No financial impact was disclosed. The auditor change may attract investor attention; shareholder approval of the new appointments is pending.