Announced Tue, 30 Jun · 12:21 IST
Statutory Auditor Bilimoria Mehta and Co 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
-2.4%1-day move
₹204.95
prior close
—
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.4-3.9+1.4+6.4+11.7+19.1+5.5———
Up moveDown movePending
AI summary
Quest Flow Controls Ltd's statutory auditor M/s Bilimoria Mehta and Co (FRN 101490W) resigned on June 29, 2026, citing internal restructuring and exit of partners handling the audit engagement. The firm had completed the FY ended March 31, 2026 audit on May 28, 2026 and raised no concerns about management. Their original term ran until the 2029 AGM, making this a mid-term exit. The Audit Committee and Board will appoint a new auditor to fill the casual vacancy.
Likely market impact
Mid-term auditor exit due to internal firm restructuring, no governance concerns flagged. Company to appoint a new auditor shortly.