Disclosure attached
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.9 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Konndor Industries Ltd informed the BSE that M/s. Vijay Moondra & Co., Chartered Accountants have resigned as the company's Statutory Auditors with effect from 9 June 2025. The auditor was originally appointed at the AGM on 29 August 2023 for a 5-year term that was scheduled to run until FY 2027-28, making this a mid-term exit roughly two years into the tenure. The reason cited is pre-occupation in other assignments, and the auditor explicitly stated there is no dispute with management and no concerns about suppression of information or inability to obtain sufficient audit evidence. The auditor had completed the statutory audit for FY ended 31 March 2025, with the last limited review report submitted on 24 May 2025.
The resignation is described as routine and not linked to any governance or audit-quality concerns, which is reassuring for shareholders. However, the company will need to appoint a new statutory auditor in due course, and investors should watch for the new appointment to ensure continuity of audit oversight.