Statutory auditor declines second 5-year term; new auditor to be appointed

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RUSHIL · price

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

+6.6%Reaction day

₹17.07

prior close

₹16.62

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+6.2% vs market

Plywood Boards/ Laminates peers, median of 11sector+0.9%+5.8% vs sector

On the reaction day the stock moved 6.2 pts more than Nifty Microcap 250 and 5.8 pts more than its Plywood Boards/ Laminates 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

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+6.6+0.4+6.2+0.9+5.8

Next day

+2.2+1.8+0.5+1.5+0.7

+7.4+0.5+6.9+0.7+6.7

+4.0+0.9+3.1+1.0+3.0

+1.3+0.3+1.0+0.0+1.3

+1.3+1.4-0.1+1.7-0.3

+8.7+3.2+5.5+2.6+6.1

15d

+0.4+5.4-5.0+2.0-1.6

+0.2+6.4-6.2+1.8-1.7

-2.8+6.3-9.1+1.2-4.0

-13.6-3.6-10.0-7.7-5.9

UpDownMarket · Nifty Microcap 250Sector · Plywood Boards/ Laminates peers, median of 11Pending

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

AI summary

Rushil Decor Limited's statutory auditor M/s Pankaj R Shah and Associates will not seek reappointment for a second 5-year term, citing increased professional workload and difficulty covering the company's Andhra Pradesh and Karnataka units. The current 5-year term ends at the upcoming AGM in calendar year 2026. The auditor confirmed there is no disagreement with management or the board on any audit, accounting, or disclosure matter. The Audit Committee and Board will appoint a new statutory auditor.

Likely market impact

Routine, end-of-term audit change. No governance red flags; new auditor appointment pending at the AGM.