Announced Fri, 10 Jul · 19:27 IST
Joint auditor appointed; ESOP shares allotted
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
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+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
Board approved R. Subramaniyan and Company LLP as Joint Statutory Auditor for 3 years, subject to shareholder approval. This is mandated by RBI rules for NBFCs with assets above Rs 15,000 crore, a threshold the company crossed as of March 2026. Existing auditor Walker Chandiok will continue. Also, 39,000 ESOP shares were allotted, raising paid-up capital from Rs 161.61 crore to Rs 161.65 crore.
Likely market impact
Routine compliance-driven change. No disruption to existing audit. Minor equity dilution from ESOP allotment, well within normal course.