NARMADANSENarmada Agrobase LimitedMediumNeutral
Announced Sat, 28 Mar · 16:27 IST

Narmada Agrobase Limited has informed the Exchange regarding Outcome of Board Meeting held on March 28, 2026.

Auditor Resigned MidtermManagement Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹31.50
prior close
₹31.45
base price
After-mkt
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+0.1+0.5+0.0-0.1+1.9+3.5+3.2+3.8+6.5+12.2+7.9+7.9+14.3+27.0
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AI summary

Narmada Agrobase Limited held a board meeting on March 28, 2026 where it approved the resignation of M/s. Rajesh Bhati & Associates as Internal Auditor, effective the same day. The outgoing auditor cited pre-occupation and personal commitments as the reason, with no material concerns flagged. The board simultaneously appointed M/s. Hanish Agrawal & Associates (FRN: 158023W) as the new Internal Auditor for FY 2025-26. The new auditor is led by CA Hanish Rameshbhai Agrawal, who has over 8 years of experience in taxation, auditing, accounting, and regulatory compliance including GST, TDS, and corporate filings. The company is based in Mehsana, Gujarat and the change was made to comply with the Companies Act, 2013 and SEBI Listing Regulations.

Likely market impact

This is a routine internal auditor change with no negative signals — the resigning auditor cited personal reasons rather than any disagreement or governance issue. Shareholders are unlikely to see any material impact on the stock price or business operations.