Announced Tue, 7 Jul · 17:20 IST

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

Auditor Resigned MidtermManagement Changes View source PDF

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹5.16
prior close
₹5.38
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.2-0.2+0.0-3.1-3.5-1.7
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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.