Statutory Auditor R C Chadda and Co LLP resigns effective 11 August 2026

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹1.62

prior close

₹1.61

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.6% vs market

Investment Company peers, median of 61sector+0.0%-1.2% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.2 pts less than its Investment Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.2

10m

-0.6

15m

+1.9

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.4-1.6+0.0-1.2

Next day

-1.2+0.5-1.8-0.6-0.6

-1.9+0.6-2.5-0.8-1.0

-1.2+0.7-2.0-1.0-0.3

-3.1+1.1-4.2-1.2-1.9

-3.7+0.5-4.2-2.3-1.4

-3.7+1.3-5.0-0.9-2.9

15d

-9.3+0.5-9.8-2.7-6.6

-16.0-0.8-15.2-4.1-12.0

-4.3-0.9-3.4-9.0+4.7

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UpDownMarket · Nifty Microcap 250Sector · Investment Company peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pan India Corporation Ltd informed BSE that statutory auditor R C Chadda and Co LLP resigned effective 11 August 2026, citing preoccupied assignments that needed substantial time and resources. The auditor had already completed the FY 2025-26 audit (report dated 25 May 2026) and the Q1 FY27 limited review (24 July 2026) before stepping down. They were originally appointed for a five year term running through the 2029 AGM. The resignation letter noted no concerns about management, no issues with information access, and no other material facts.

Likely market impact

Auditor cited workload reasons and flagged no governance concerns. Company must appoint a new auditor soon, which may create short term uncertainty.