Statutory Auditor Maak & Associates resigns with immediate effect

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-7.3%Reaction day

₹14.13

prior close

₹13.44

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-7.7% vs market

Other Financial Services peers, median of 91sector+0.0%-7.3% vs sector

On the reaction day the stock moved 7.7 pts less than Nifty Microcap 250 and 7.3 pts less than its Other Financial Services 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

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-7.3+0.4-7.7+0.0-7.3

Next day

-8.0-0.2-7.8-0.1-7.9

-12.6+0.3-12.9-0.1-12.5

-9.1+0.6-9.7+0.0-9.1

-13.7+0.8-14.5-0.6-13.0

-10.6+0.4-11.0-0.2-10.5

-9.8+0.7-10.5-0.6-9.2

15d

-12.3+2.0-14.3-1.8-10.5

-12.6+0.7-13.3-2.5-10.1

-12.7-3.4-9.4-5.3-7.5

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UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 91Pending

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

AI summary

ISL Consulting Limited's Statutory Auditor, M/s. Maak & Associates (Firm Registration No. 135024W), resigned with immediate effect on 18 August 2026. The auditor cited pre-occupation with other professional assignments and time constraints. The auditor was appointed on 25 September 2025 with a term scheduled to expire on 24 September 2030, making this a midterm exit. The auditor confirmed no concerns, disagreements, qualifications, or issues with management, financials, or internal controls.

Likely market impact

Midterm auditor change; company must appoint a new auditor soon. No governance red flags raised by the outgoing auditor.