Price Waterhouse to step down as statutory auditor, to align with parent company

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

RHIM · price

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

+2.4%Reaction day

₹413.90

prior close

₹425.55

announcement price

In-mkt

timing

Nifty Smallcap 250market-0.1%+2.5% vs market

Electrodes & Refractories peers, median of 10sector+2.3%+0.2% vs sector

On the reaction day the stock moved 2.5 pts more than Nifty Smallcap 250 and 0.2 pts more than its Electrodes & Refractories 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

-0.1

10m

-0.1

15m

+0.1

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.4-0.1+2.5+2.3+0.2

Next day

+0.3+0.1+0.2+1.3-0.9

-6.9-0.1-6.7+0.6-7.5

-5.4+0.1-5.4+0.7-6.1

-8.0-0.4-7.5+1.6-9.6

-9.7-0.2-9.5+2.3-12.1

-9.4-0.7-8.7+0.6-10.0

15d

-10.1+0.1-10.2+2.0-12.1

-8.5+0.4-8.9-3.5-5.0

-10.9-3.2-7.7-4.1-6.8

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UpDownMarket · Nifty Smallcap 250Sector · Electrodes & Refractories peers, median of 10Pending

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

AI summary

RHI Magnesita India informed that Price Waterhouse Chartered Accountant LLP intends to resign as Statutory Auditor of the company and its wholly-owned subsidiary RHI Magnesita India Refractories Limited. The change aims to align the statutory auditor with the Ultimate Holding Company, RHI Magnesita N.V. The move is subject to approval from the Audit Committee and Board of Directors. Detailed disclosures will follow once the company receives signed resignation letters.

Likely market impact

Auditor switch is to align with parent company RHI Magnesita N.V. Routine realignment; no governance red flags indicated at this stage.