Compounding order over auditor re-appointment; company share of fee Rs 7.5 lakh

Consent Order AcceptedRegulatory & Legal View source PDF Explain this filing

RENUKA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.7%Reaction day

₹23.32

prior close

₹23.50

announcement price

After-mkt

timing

Nifty Microcap 250market-1.6%-0.1% vs market

Sugar peers, median of 27sector-2.0%+0.3% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Microcap 250 and 0.3 pts more than its Sugar 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

+0.4

10m

-0.6

15m

-0.7

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7-1.6-0.1-2.0+0.3

Next day

-3.6-0.6-3.0-3.5-0.0

-6.1-0.8-5.3-4.1-2.0

-8.1-2.1-6.0-5.6-2.5

-6.9-2.1-4.7-3.9-3.0

-2.5-0.8-1.7-1.2-1.3

-6.6-3.8-2.9-3.2-3.4

15d

-14.5-6.9-7.6-4.7-9.8

-21.5pendingpending-9.4-12.2

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UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

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

AI summary

Company received a compounding order from MCA Regional Director under Section 441 of Companies Act for non-compliance with Section 139(1) regarding statutory auditor re-appointment for FY2014-15 and FY2015-16. Total compounding fee Rs 15 lakh; company share Rs 7.5 lakh. Officers involved no longer with company. No material impact on operations or financials.

Likely market impact

Minor - Rs 7.5 lakh compounding fee. No material impact on operations or financials. Historical compliance matter now settled.