Announced Fri, 10 Apr · 14:40 IST

Intimation regarding Resignation of M/s. Garg Bros & Associates, Chartered Accountant, pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ....

Auditor Resigned MidtermManagement Changes View source PDF

Price

Loading chart…

▲ 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
+5.2%1-day move
₹9.60
prior close
₹10.56
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.2-0.6+0.1+5.2+10.1+9.4+10.5+10.2+8.8+6.8+12.2-3.6-6.0
Up moveDown movePending
AI summary

Himalaya Food International Ltd has announced that its Statutory Auditors, M/s. Garg Bros & Associates, have resigned from their position. The Board of Directors accepted this resignation in their meeting held on April 7, 2026. The auditors cited preoccupation with other professional and audit assignments as the reason for their inability to continue. The resignation took effect from April 2, 2026, creating a casual vacancy in the office of the Statutory Auditor under Section 139(8) of the Companies Act, 2013. The company has not yet appointed a replacement auditor.

Likely market impact

This mid-term resignation of statutory auditors creates uncertainty about the company's audit coverage. Shareholders should monitor for the appointment of a new auditor, as this could temporarily affect financial reporting timelines and may raise questions about the company's governance or internal matters.