Statutory Auditor firm converted to LLP, no change in engagement

Management Changes View source PDF Explain this filing

Price

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

+3.1%Reaction day

₹4.25

prior close

₹4.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%+2.3% vs market

Other Textile Products peers, median of 189sector+0.8%+2.2% vs sector

On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 2.2 pts more than its Other Textile Products 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

-1.9

10m

-1.4

15m

-0.2

30m

-1.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.1+0.7+2.3+0.8+2.2

Next day

-0.2-1.0+0.7+0.0-0.2

-0.7-0.3-0.5+0.0-0.7

-4.5-1.9-2.6-0.6-3.8

-5.9-4.5-1.4-2.7-3.2

-5.9-5.5-0.4-3.1-2.8

-7.5-7.3-0.2-5.2-2.3

15d

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 189Pending

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

AI summary

Surat Trade and Mercantile Limited has informed that its statutory auditor Sharp and Tannan has converted from a partnership firm into a Limited Liability Partnership (LLP) under the LLP Act, 2008. The auditor is now known as Sharp and Tannan Associates LLP, Chartered Accountants, with ICAI Firm Registration No. 109983W/W101313. The company confirmed the conversion does not change the existing audit engagement, and the LLP will continue as statutory auditor for the remaining tenure.

Likely market impact

No change in auditor or audit scope; purely an administrative restructuring of the existing audit firm.