Announced Wed, 12 Aug · 14:26 IST
Statutory Auditor S K Bhavsar Resigns Mid-Term
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
+24.6%1-day move
₹8.01
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+24.6+23.0+24.5+22.8+22.6+15.1————
Up moveDown movePending
AI summary
S K Bhavsar and Co. resigned as Statutory Auditor of Padmanabh Industries on 12 Aug 2026, about 2 years into a 5-year term (appointed 5 Sep 2024). They cited a recent management change and other professional commitments. Auditor confirmed no fraud, non-compliance, or irregularity, and said the Audit Committee was informed.
Likely market impact
Auditor exit mid-term citing management change; no fraud flagged. Company must appoint a new statutory auditor soon.