Announced Tue, 7 Jul · 17:15 IST
Mercury Trade Links: New Statutory Auditor Appointed, Old One Resigns
Price
▲ 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————
Up moveDown movePending
AI summary
Mercury Trade Links board appointed M/s Sarang Shivajirao Chavan and Associates (FRN 159649W) as new Statutory Auditor from July 7, 2026 until the next general meeting. The previous auditor, M/s Bhatt Shah Mekhia and Co., resigned the same day citing pre-occupation in other work. The outgoing firm, appointed only in November 2025, had issued an unqualified opinion on FY26 results in May 2026. No governance concerns were flagged.
Likely market impact
Midterm auditor change due to pre-occupation, not governance issues. New auditor holds office until the next AGM. No red flags from outgoing auditor.