Announced Wed, 7 Oct, 2026 · 16:11 IST

Statutory Auditor M/s Goyal Nagpal and Co resigns mid-term

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-0.3%Reaction day

₹14.75

prior close

₹14.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.8%+2.4% vs market

Non Banking Financial Company (NBFC) peers, median of 214sector-1.4%+1.1% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.1 pts more than its Non Banking Financial Company (NBFC) 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

+0.0

10m

-2.8

15m

-0.5

30m

-4.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.3-2.8+2.4-1.4+1.1

Next day

+3.7-2.5+6.2-0.8+4.4

-1.7-1.7-0.0-0.6-1.1

-5.2-1.5-3.7-0.2-5.0

-2.4-0.8-1.6-0.1-2.3

-2.4-2.4-0.0-0.5-1.9

-6.4-3.4-3.1-0.9-5.5

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 214Pending

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

AI summary

The statutory auditor M/s. Goyal Nagpal and Co, appointed September 2025 with term until March 2028, resigned effective October 6, 2026, citing shortage of experienced professional staff and other commitments. The last report was the Q1 FY27 limited review submitted in August 2026. No management-related concerns were flagged.

Likely market impact

Mid-term auditor resignation raises governance questions. Company must appoint a new auditor promptly to avoid gaps in audit coverage.