Announced Fri, 10 Jul · 19:28 IST
Board approves Joint Statutory Auditor appointment and 39,000 ESOP share allotment
Management Changes View source PDF
NORTHARC · price
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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹327.05
prior close
₹326.45
base price
After-mkt
timing
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+0.4+1.1-0.3-0.3-2.5-2.9-4.3-7.5-6.7-8.9————
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AI summary
Northern Arc Capital board approved two items on July 10, 2026. First, appointed M/s. R. Subramaniyan and Company LLP as Joint Statutory Auditor for 3 years (from 18th to 21st AGM), required under RBI guidelines since asset size crossed Rs. 15,000 crore as of March 31, 2026. Existing auditor Walker Chandiok continues. Second, allotted 39,000 equity shares under ESOP Plan, raising paid-up capital from Rs. 161.61 crore to Rs. 161.65 crore.
Likely market impact
Routine compliance step. New joint auditor adds audit oversight per RBI norms. ESOP allotment is minor, negligible dilution for existing shareholders.