Intimation Regarding Resignation of Statutory Auditors with effect from May 06, 2026

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

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₹34.01

prior close

₹34.85

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+0.3% vs market

Plastic Products - Industrial peers, median of 37sector-0.8%+0.8% vs sector

On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Plastic Products - Industrial peers, median of 37Pending

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AI summary

Kisan Mouldings Ltd has received resignation from its Statutory Auditors, M/s Sen & Ray, Chartered Accountants, effective May 6, 2026. The auditors were appointed on September 30, 2022, with their term originally scheduled to conclude at the AGM in 2027-28. The firm cited 'other commitments and other assignments' as the reason for resignation. They will complete their current responsibilities by issuing the audit report for FY 2025-26 at the board meeting on May 5, 2026. The company has confirmed there are no concerns raised by the resigning auditor and no material reasons for the resignation. The CFO, Suresh Kumar Purohit, signed the intimation to BSE.

Likely market impact

While the auditor has stated no governance concerns, a midterm resignation before term completion could raise questions among investors about the audit relationship. The company must appoint a new auditor soon, which will require a No Objection Certificate from the outgoing firm.