Q1 FY27 results filed; auditor resigns over fee dispute

Revenue declinedAuditor changed mid-yearResults View source PDF Explain this filing

PANSARI · price

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₹313.05

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.2% vs market

Residential Commercial Projects peers, median of 66sector-0.1%+0.4% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 0.4 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

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AI summary

Pansari Developers reported Q1 FY27 standalone revenue from operations at Rs 148.75 lakhs, down sharply from Rs 1,774.25 lakhs in Q1 FY26. Net profit stood at Rs 398.12 lakhs versus Rs 414.37 lakhs. Statutory auditor Garv and Associates issued an unmodified limited review but resigned effective Aug 14, citing fees not commensurate with the audit workload.

Likely market impact

Auditor exit over fee disagreement may raise governance concerns. Sharp revenue drop is a red flag despite steady profit.