Auditor Change at Mercury Trade Links: Old Firm Resigns, New Auditor Appointed

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

-2.1%Reaction day

₹5.16

prior close

₹5.38

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-0.1% vs market

Diversified Commercial Services peers, median of 69sector-1.5%-0.7% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.7 pts less than its Diversified Commercial Services 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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Next day

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 69Pending

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

AI summary

M/s. Bhatt Shah Mekhia & Co. resigned as statutory auditor effective July 7, 2026, citing pre-occupation. The firm was appointed only on Nov 11, 2025, making this a mid-term exit. They had issued an unqualified opinion on FY ending March 31, 2026 results. The board has appointed M/s. Sarang Shivajirao Chavan and Associates (FRN 159649W), an Ahmedabad-based CA firm, as the new statutory auditor till the conclusion of the next AGM. The outgoing auditor confirmed there are no other material reasons for the resignation.

Likely market impact

Mid-term auditor change may raise minor governance questions. Stated reason (pre-occupation) is routine, and outgoing auditor gave a clean report with no other concerns flagged.