Announced Sat, 5 Sept, 2026 · 18:51 IST
Statutory Auditor Resigns Citing Capacity Constraints
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
+10.1%1-day move
₹6.04
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+10.1——+15.6——————
Up moveDown movePending
AI summary
MPF Systems Limited's statutory auditor M/s. S K Bhavsar & Co. resigned on 5 Sept 2026, citing re-allocation of professional commitments and capacity constraints. The auditor explicitly stated there is no fraud or non-compliance. The firm was appointed in Sept 2025 for a 5-year term. The company appointed M/s. Sarang Shivajirao Chavan and Associates to fill the casual vacancy until the next AGM, subject to shareholder approval within three months.
Likely market impact
Midterm auditor change may prompt minor governance scrutiny, though auditor cited no irregularities. New auditor already appointed pending shareholder nod.