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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

-5.0%Reaction day

₹120.25

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-4.6% vs market

Diversified Retail peers, median of 11sector-1.9%-3.1% vs sector

On the reaction day the stock moved 4.6 pts less than Nifty Microcap 250 and 3.1 pts less than its Diversified Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

-5.0-0.4-4.6-1.9-3.1

Next day

-9.7-0.6-9.1-0.2-9.5

-14.1+0.3-14.4-0.5-13.6

-18.4+0.2-18.6-1.9-16.5

-14.3+0.1-14.5-1.1-13.3

-10.1+0.7-10.8-2.2-7.9

-5.9-0.3-5.6-2.9-3.0

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+24.9-2.0+26.9-5.6+30.4

+31.9-5.7+37.6-10.4+42.3

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+67.7-4.6+72.3-14.7+82.4

UpDownMarket · Nifty Microcap 250Sector · Diversified Retail peers, median of 11Pending

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

AI summary

Jay Ambe Supermarkets Ltd has informed the stock exchange that its Statutory Auditor, M/s Jay M. Shah & Co., has resigned with immediate effect on November 7, 2025. The auditor cited ineligibility under SEBI's Listing Regulations, as the firm has not undergone the mandatory peer review process conducted by the ICAI's Peer Review Board, which is required to issue audit reports for listed companies. The auditor was originally appointed on November 30, 2021, for a five-year term covering FY 2021-22 to FY 2025-26, meaning they are stepping down well before the end of their tenure. The last audit report submitted was for FY 2024-25 on July 25, 2025. The company will now need to appoint a new statutory auditor in compliance with applicable laws.

Likely market impact

This is a procedural regulatory compliance matter — the auditor stepped down due to their own ineligibility, not due to any disagreement with the company. For shareholders, this means the company must find and appoint a new peer-reviewed auditor soon to avoid any disruption to its audit cycle. The resignation itself is unlikely to materially impact the stock price, though any delay in appointing a replacement auditor could become a concern.