Mayur Leather Q1 FY27 loss continues; auditor flags going concern doubt

Going-concern doubtAdverse audit opinionEmphasis of matterRevenue declinedNet loss reportedAuditor changed mid-yearResults View source PDF Explain this filing

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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

-8.9%Reaction day

₹23.94

prior close

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announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-9.0% vs market

Gems, Jewellery And Watches peers, median of 31sector-0.4%-8.5% vs sector

On the reaction day the stock moved 9.0 pts less than Nifty Microcap 250 and 8.5 pts less than its Gems, Jewellery And Watches 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

-8.9+0.1-9.0-0.4-8.5

Next day

-1.0+0.2-1.2-0.2-0.8

+2.1+0.6+1.6-1.8+4.0

+0.2-0.0+0.2+0.1+0.2

+4.2+0.5+3.7+1.5+2.7

+8.6+0.8+7.8+2.8+5.9

+13.9+0.6+13.3+2.3+11.6

15d

+46.3+1.3+45.0+0.9+45.4

+52.5-1.4+53.9-0.5+53.0

+71.2-0.6+71.8-0.8+72.0

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UpDownMarket · Nifty Microcap 250Sector · Gems, Jewellery And Watches peers, median of 31Pending

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

AI summary

Mayur Leather posted standalone loss of Rs 7.65 lakhs in Q1 FY27 vs Rs 10.28 lakhs loss YoY, consolidated loss Rs 8.93 lakhs. No revenue or manufacturing activity. Accumulated losses Rs 624.06 lakhs. Auditor flagged going concern doubt and adverse remarks on missing bank statements and unresolved Canara Bank NPA matter, with subsidiary land auctioned for about Rs 226 lakhs and a pending DRT case. Statutory auditor Jain Paras Bilala resigned mid year, replaced by YG and Associates.

Likely market impact

No revenue, persistent losses and going concern flag point to high risk. Auditor change and unresolved bank dispute add uncertainty for shareholders.