Announced Thu, 27 Aug, 2026 · 17:58 IST
Audit Committee discloses views on Statutory Auditor resignation
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
-2.1%1-day move
₹144.85
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-2.1-1.1-3.3-4.0-0.6——-0.7——
Up moveDown movePending
AI summary
Shayona Engineering's statutory auditors SGPS and Associates resigned effective August 24, 2026, citing enhanced requirements after BSE SME listing and inability to agree on revised fees. The Audit Committee confirmed on August 27 that the reasons are commercial with no fraud or governance issues reported. Management has been asked to ensure compliance and orderly transition.
Likely market impact
Auditor exit is mid-term but due to commercial reasons with no governance red flags. Watch for timely appointment of new statutory auditors.