Delay in Q1 FY27 results due to auditor change

Management Changes View source PDF Explain this filing

KOTYARK · price

Loading chart…

▲ 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

-6.2%Reaction day

₹42.95

prior close

₹40.28

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-6.3% vs market

Refineries & Marketing peers, median of 11sector-1.3%-4.9% vs sector

On the reaction day the stock moved 6.3 pts less than Nifty Microcap 250 and 4.9 pts less than its Refineries & Marketing 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

Stock

+0.0

10m

+0.0

15m

+0.0

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-6.2+0.1-6.3-1.3-4.9

Next day

-10.9+0.2-11.1+1.2-12.1

-15.3+0.6-15.9+1.6-16.9

-19.6-0.0-19.5-0.0-19.5

-15.6+0.5-16.1-0.2-15.4

-11.5+0.8-12.3+0.7-12.3

-20.0+0.6-20.6+0.2-20.2

15d

-21.4+1.3-22.7+1.0-22.4

-23.2-1.4-21.8-4.3-18.9

-20.4-0.6-19.8-1.8-18.6

—————

UpDownMarket · Nifty Microcap 250Sector · Refineries & Marketing peers, median of 11Pending

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

AI summary

Kotyark Industries delayed its Q1 FY27 (quarter ended June 30, 2026) financial results beyond the August 14 deadline. Existing auditor Manubhai and Shah LLP declined reappointment for FY27 citing professional commitments and logistical constraints. The board proposes appointing Talati and Talati LLP as new statutory auditor, subject to shareholder approval at the 10th AGM on August 22, 2026. The new auditor will then review Q1 results and a board meeting will be held afterwards.

Likely market impact

Auditor change pushes Q1 results filing beyond the August 14 deadline. Watch for board meeting date after the August 22 AGM.