Announced Thu, 25 Jun · 17:45 IST
Statutory auditor NKSC & Co resigns over fee disagreement; new auditor appointed
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
+5.5%1-day move
₹4.55
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+5.5+11.0+3.3+0.7+5.5+3.3-14.5———
Up moveDown movePending
AI summary
Newtrac Foods & Beverages board on May 30, 2026 approved the resignation of statutory auditor NKSC & Co, who were appointed in June 2025. The auditor cited inability to agree on audit fees for FY 2026-27 as the reason for stepping down mid-term. The board appointed M/s Sarang Shivajirao Chavan and Associates as the new statutory auditor effective June 1, 2026 for FY 2026-27. Audited FY26 results were also approved in the same meeting.
Likely market impact
Auditor change mid-term due to fee dispute, not governance concerns. Reason is commercial. New auditor takes over June 1, 2026. Monitor for audit quality.