Intimation for Resignation of Auditor is attached herewith.

Auditor Resigned MidtermManagement Changes View source PDF Explain this filing

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

-0.2%Reaction day

₹4.13

prior close

₹4.24

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-1.9% vs market

Aluminium peers, median of 8sector+0.4%-0.7% vs sector

On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 0.7 pts less than its Aluminium 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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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.2+1.6-1.9+0.4-0.7

Next day

+3.1+3.3-0.1+2.0+1.1

+1.7+4.3-2.6+1.0+0.7

+8.2+5.1+3.1+2.6+5.6

+8.5+6.4+2.1+4.0+4.5

+7.0+5.2+1.8+4.6+2.4

+3.6+5.9-2.3+4.6-0.9

15d

+12.3+8.0+4.4+3.3+9.1

+10.7+9.8+0.9+1.6+9.1

+6.3+11.8-5.5+7.5-1.2

+4.1+7.2-3.1+10.2-6.1

UpDownMarket · Nifty Microcap 250Sector · Aluminium peers, median of 8Pending

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

AI summary

Sacheta Metals Ltd informed the stock exchanges that M/s Kiran and Pradip Associates, Chartered Accountants (FRN: 112577W) resigned as Statutory Auditor of the company with effect from May 13, 2025. The auditor cited pre-occupation with other assignments as the reason, stating they could not devote sufficient time to the company's affairs. The auditor had been appointed for a 5-year term starting from the conclusion of the 33rd AGM held on September 30, 2023, and was originally scheduled to serve until the conclusion of the 38th AGM. The latest audit report for FY ending March 31, 2025 was submitted on May 12, 2025, just a day before the resignation. The auditor confirmed there are no other material reasons or concerns behind the resignation.

Likely market impact

This is a mid-term auditor exit, which may raise short-term governance concerns among investors. However, the stated reason (pre-occupation with other assignments) is routine and the auditor flagged no disputes or issues with management. The company will need to appoint a new statutory auditor soon, and shareholders should watch for the replacement announcement.