Announced Fri, 10 Jul · 19:18 IST
Independent Director and Auditor resign, new Auditor appointed
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
+1.9%1-day move
₹51.00
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+1.9-2.7-3.5-5.4-6.5-1.4————
Up moveDown movePending
AI summary
At a July 10, 2026 board meeting, Sanmit Infra accepted the resignation of Independent Director Ajay Chandwani (effective June 13, citing age and health) and Statutory Auditor PAMS and Associates (effective June 12, citing geographic constraints between Bhubaneswar and Mumbai). The board appointed a new audit firm for a 5-year term subject to shareholder approval. Board also decided to distribute proceeds from sale of fractional shares to eligible shareholders.
Likely market impact
Mid-term auditor change with stated operational reasons. Fractional share proceeds offer small payout to eligible holders.